USD/CNH clings to the mixed outlook – UOB

Pablo Piovano FXStreet

FX Strategists at UOB Group noted the outlook for USD/CNH remains mixed for the time being.

Key Quotes

24-hour view: “USD traded between 6.4424 and 6.4539 yesterday, much narrower than our expected range of 6.4330/6.4600. The quiet price actions offer no fresh clues and USD could trade sideways for today, likely between 6.4350 and 6.4550.”

Next 1-3 weeks: “There is not much to add to our update from yesterday (13 Sep, spot at 6.4445). As highlighted, the outlook for USD remains mixed and it could trade within a 6.4240/6.4800 range for now.”

Author

Pablo Piovano

FXStreet

Born and bred in Argentina, Pablo has been carrying on with his passion for FX markets and trading since his first college years.

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