USD/CNH: Price action continues to suggest USD weakness – UOB Group
30.09.2024, 12:05

USD/CNH: Price action continues to suggest USD weakness – UOB Group

The US Dollar (USD) is likely to edge lower; any decline is not expected to reach the support at 6.9400. In the longer run, price action continues to suggest USD weakness, albeit likely at a slower pace; the levels to monitor are 6.9400 and 6.9200, UOB Group FX analysts Quek Ser Leang and Lee Sue Ann note.

Levels to monitor are 6.9400 and 6.9200

24-HOUR VIEW: “Last Thursday, USD plummeted and closed sharply lower. Last Friday, we indicated that ‘the outsized decline has resulted in oversold conditions, and USD is unlikely to weaken much further.’ We expected USD to ‘trade in a range between 6.9700 and 7.0100.’ USD subsequently traded in a narrower range than expected (6.9725/7.0040). Despite closing slightly higher at 6.9806 (+0.11%), the underlying tone appears to have softened. Today, we expect USD to drift lower, but any decline is unlikely to reach the support at 6.9400 (there is a minor support level at 6.9580). Resistance is at 6.9930, followed by 7.0050.”

1-3 WEEKS VIEW: “We continue to hold the same view as last Friday (27 Sep, spot at 6.9810). As indicated, the recent price action continues to suggest USD weakness, albeit likely at a slower pace. The levels to monitor are 6.9400 and 6.9200. On the upside, a breach of 7.0350 (‘strong resistance’ level was at 7.0450 last Friday) would mean that USD is not weakening further.”

© 2000-2024. Sva prava zaštićena.

Sajt je vlasništvo kompanije Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).

Svi podaci koji se nalaze na sajtu ne predstavljaju osnovu za donošenje investicionih odluka, već su informativnog karaktera.

The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.

Politika sprečavanja pranja novca

Upozorenje o rizicima

Izvršenje trgovinskih operacija sa finansijskim instrumentima upotrebom marginalne trgovine pruža velike mogućnosti i omogućava investitorima ostvarivanje visokih prihoda. Međutim, takav vid trgovine povezan je sa potencijalno visokim nivoom rizika od gubitka sredstava. Проведение торговых операций на финанcовых рынках c маржинальными финанcовыми инcтрументами открывает широкие возможноcти, и позволяет инвеcторам, готовым пойти на риcк, получать выcокую прибыль, но при этом неcет в cебе потенциально выcокий уровень риcка получения убытков. Iz tog razloga je pre započinjanja trgovine potrebno odlučiti o izboru odgovarajuće investicione strategije, uzimajući u obzir raspoložive resurse.

Politika poverenja

Upotreba informacija: U slučaju potpunog ili delimičnog preuzimanja i daljeg korišćenja materijala koji se nalazi na sajtu, potrebno je navesti link odgovarajuće stranice na sajtu kompanije TeleTrade-a kao izvora informacija. Upotreba materijala na internetu mora biti praćena hiper linkom do web stranice teletrade.org. Automatski uvoz materijala i informacija sa stranice je zabranjen.

Ako imate bilo kakvih pitanja, obratite nam se pr@teletrade.global.

Банковни
транcфери
Feedback
Lajv čet E-mail
Povratak na vrh
Izaberi lokaciju / jezik