USD/CNH: Can breach 7.1800 near term – UOB Group
06.11.2024, 10:05

USD/CNH: Can breach 7.1800 near term – UOB Group

Impulsive advance in early Asian trade could extend to 7.1550 before levelling off. In the longer run, downward momentum has largely faded; USD could trade in a broad 7.0900/7.1800 range, UOB Group’s FX analysts Quek Ser Leang and Lee Sue Ann notes.

USD to trade in a broad 7.0900/7.1800 range

24-HOUR VIEW: “On Monday, USD plunged to 7.0876 and then rebounded. Yesterday, we pointed out that ‘The rebound in oversold conditions suggests that instead of continuing to weaken, USD is likely to trade in a range, probably between 7.1000 and 7.1250.’ USD then traded in a 7.0990/7.1169 range. In a sudden move in early Asian trade today, it surged. The impulsive advance could extend to 7.1550 before levelling off. The major resistance at 7.1800 is unlikely to come into view. Support levels are at 7.1200 and 7.1000.”

1-3 WEEKS VIEW: “We turned negative in USD last Friday (01 Nov, spot at 7.1250). We indicated USD ‘could edge lower, but any decline is expected to encounter solid support at 7.1000.’ After USD plummeted below 7.1000, we highlighted yesterday that ‘The increasing downward momentum, combined with the breach of 7.1000, suggests USD is likely to decline further, potentially to 7.0660.’ In a sudden move early today, USD jumped. While our ‘strong resistance’ level at 7.1380 has not been breached yet, downward momentum has largely faded. The outlook is mixed from here, and USD could trade in a broad 7.0900/7.1800 range for now.”

© 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