USD/CNH: No change to the consolidative theme - UOB

Market news

23 July 2021

USD/CNH: No change to the consolidative theme - UOB

FXStreet reports that FX Strategists still see USD/CNH consolidating within the 6.4400-6.5000 area in the next weeks.

24-hour view: “The quiet price actions offer no fresh clues and USD could trade sideways for today, expected to be within a 6.4600/6.4800 range.”

Next 1-3 weeks: “There is not much to add to our update from yesterday (22 Jul, spot at 6.4660). As highlighted, USD is still in a consolidation and it could trade sideways between 6.4400 and 6.5000 for now."

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