USD/CNH: Expected to trade between 7.2300 and 7.2580 – UOB Group

FXStreet Insights Team FXStreet

US Dollar (USD) is expected to trade between 7.2300 and 7.2580 vs Chinese Yuan (CNH). In the longer run, to continue to decline, USD must break and remain below 7.2300, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note.

USD must break and remain below 7.230 to continue to decline

24-HOUR VIEW: "We did not anticipate USD to plunge to a low of 7.2314 yesterday (we were expecting range trading). The steep selloff seems excessive, and USD is unlikely to decline much further. Today, we expect USD to trade between 7.2300 and 7.2580."

1-3 WEEKS VIEW: "On Monday (17 Feb, spot at 7.2600), we highlighted that 'the increase in downward momentum suggests USD could decline the major support level at 7.2300.' After USD rebounded, we indicated yesterday (20 Feb, spot at 7.2850) that “a breach of 7.2960 (‘strong resistance’ level), we indicate that USD is not declining further.” USD subsequently sold off sharply, almost reaching 7.2300 (low has been 7.2314). While we continue to expect USD to decline, it must break and remain below 7.2300 before further weakness is likely. The likelihood of USD breaking clearly below 7.2300 will remain intact as long as 7.2800 (‘strong resistance’ level previously at 7.2960) is not breached. Looking ahead, the next level to watch below 7.2300 is 7.2100."

Author

FXStreet Insights Team

FXStreet

The FXStreet Insights Team is a group of journalists that handpicks selected market observations published by renowned experts. The content includes notes by commercial as well as additional insights by internal and external analysts.

AUD/USD eyes 0.7150 barrier nine-day EMA

AUD/USD inches higher after registering modest losses in the previous day, trading around 0.7130 during the Asian hours. The technical analysis of the daily chart indicates that the pair is moving sideways within the rectangle pattern, suggesting a consolidation as neither the bulls nor the bears have enough momentum to take control of the market.

USD/JPY trades below 160.00 intervention threshold; bullish bias intact

The USD/JPY pair attracts some sellers during the Asian session amid fears that authorities will step in again to prop up the Japanese Yen. Furthermore, the Israel-Lebanon truce prompts some profit-taking around the US Dollar and exerts downward pressure on the currency pair.

Gold defends 200-day SMA at $4,425, but for how long?

Gold is attempting a tepid recovery toward $4,500 early Thursday, as renewed optimism in the Mideast geopolitical front calms market nerves. This cautious optimism across Asian markets weighs on Oil prices, and diminishes the US Dollar’s safe-haven appeal, helping Gold stage a decent comeback from the weekly low of $4,424.

Hyperliquid: ETF demand, capital rotation fuel HYPE rally as Bitcoin melts

Hyperliquid price sustains an upward trend near its all-time high of $75.76 on Thursday after posting 80% gains in May, while Bitcoin (BTC) retraces below $65,000, triggering a market-wide panic.

Kevin Warsh takes the Fed helm: What it means for the US Dollar

The Federal Reserve moves away from the highly predictable "forward guidance" model of the Jerome Powell era to a new “Kevin Warsh environment”, characterized by less communication, more policy surprises, and an increased focus on the Fed's complex balance sheet.

Recession on paper: What really moves the Canadian Loonie now?

Statistics Canada handed the headline writers a gift and the analysts a headache. Real GDP shrank 0.1% on an annualized basis in the first quarter, and with the fourth quarter of 2025 revised down to a 1.0% contraction, that is two negative quarters in a row, the textbook definition of a technical recession and Canada's first since the pandemic.