14 Jan 2016
USD/CNH remains neutral – UOB
FXStreet (Edinburgh) - According to the research team at UOB Group, the stance on USD/CNH remains neutral in the next 1-3 week.
Key Quotes
“There is no change in the current neutral view and we expect this pair to trade within a broad range in the coming days”.
“On a shorter-term note, USD has likely form a base at 6.5600 yesterday but at this stage, any up-move is expected to encounter strong resistance at 6.6300 followed by 6.6520”.
Key Quotes
“There is no change in the current neutral view and we expect this pair to trade within a broad range in the coming days”.
“On a shorter-term note, USD has likely form a base at 6.5600 yesterday but at this stage, any up-move is expected to encounter strong resistance at 6.6300 followed by 6.6520”.