USD/CNH can continue to rebound – UOB Group
01.10.2024, 10:37

USD/CNH can continue to rebound – UOB Group

The US Dollar (USD) could continue to rebound; there does not appear to be enough momentum for it to threaten the resistance at 7.0350. In the longer run, downward momentum is beginning to slow; if USD breaches 7.0350, it would suggest that it could trade in a range for a period, UOB Group FX analysts Quek Ser Leang and Lee Sue Ann note.

Downward momentum is beginning to slow

24-HOUR VIEW: “We expected USD to edge lower yesterday. We were incorrect, as instead of edging lower, USD rebounded strongly to 7.0120. The strong rebound has resulted in an increase in momentum. Today, USD could continue to rebound, but it does not appear to have enough momentum to threaten the strong resistance at 7.0350. Note that there is another resistance level at 7.0240. Support is at 6.9980, a breach of 6.9850 would indicate that the current upward pressure has eased.”

1-3 WEEKS VIEW: “We have held a negative USD view for more than a week now (as annotated in the chart below). In our most recent narrative from last Friday (27 Sep, spot at 6.9810), we indicated that ‘the recent price action continues to suggest USD weakness, albeit likely at a slower pace.’ We added, ‘the levels to monitor are 6.9400 and 6.9200, and a breach of 7.0350 (‘strong resistance’ level) would mean that USD is not weakening further.’ USD has not been able to make any further headway on the downside. Downward momentum is beginning to slow, and if it breaches 7.0350 (no change in ‘strong resistance’ level), it would suggest that it could trade in a range for a period.”

© 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