US Dollar (USD) could edge higher vs Chinese Yuan (CNH), but any advance is unlikely to break above 7.3350. In the longer run, sharp but short-lived price action has resulted in a mixed outlook; USD is likely to trade between 7.2430 and 7.3700 for now.
Sharp but short-lived price action results in a mixed outlook
24-HOUR VIEW: "Yesterday, we indicated that 'there is a chance for USD to dip below 7.2700.' We pointed out, 'Resistance levels are at 7.3150 and 7.3350.' Our view was incorrect, as USD rebounded from 7.2780 to 7.3249, closing at 7.3096, up by 0.42%. There has been a slight increase in upward momentum. Today, USD could edge higher, but any advance is unlikely to break above 7.3350. On the downside, support levels are at 7.3020 and 7.2950."
1-3 WEEKS VIEW: "Our latest narrative was from last Friday (11 Apr, spot at 7.3100), wherein the recent 'sharp but short-lived price action has resulted in a mixed outlook.' For the time being, we expect USD to 'trade between 7.2430 and 7.3700.' There is no change in our view."
作者：FXStreet Insights Team，文章来源FXStreet_id，版权归原作者所有，如有侵权请联系本人删除。
风险提示：以上内容仅代表作者或嘉宾的观点，不代表 FOLLOWME 的任何观点及立场，且不代表 FOLLOWME 同意其说法或描述，也不构成任何投资建议。对于访问者根据 FOLLOWME 社区提供的信息所做出的一切行为，除非另有明确的书面承诺文件，否则本社区不承担任何形式的责任。
FOLLOWME 交易社区网址: followme.asia
加载失败()