Created
: 2025.04.15
- English
- English
- What's Myforex
- Share
- Use tools
- Get information
- What's New
- Help center
- About us
- Customer support
- Terms and policies
-
-
PortfolioShare your portfolio and performance in real time -
Events & contestsEvents and contests held by retail brokers around the world
-
-
Real-time spread comparisonCompare spreads of major retail brokers in real time -
Volatility analysisVisualize volatility as a measure of daily market activity -
Swap point comparisonCompare buy and sell swap values for each broker by symbol -
Market rates & chartsCheck prices for all instruments offered by each broker -
IndicatorsProviding in-house developed indicators for MT4/MT5 -
Trading calculatorsCalculation tools for each broker to help you trade
-
-
World FX newsLatest news on forex and cryptocurrencies from around the world -
Broker informationTrading information of retail brokers worldwide -
MetaTrader4/5 user guideUser guide collection for the latest MetaTrader4/5 -
Economic calendarRelease calendar for indicators from official sources of major economies
USD/CNH: Unlikely to break above 7.3350 - UOB Group
Breaking news
USD/CNH: Unlikely to break above 7.3350 - UOB Group
New
2025.04.15 19:39
2025.04.15 19:39
2025.04.15 19:39
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."
Last updated
: 2025.04.15
Related articles
Dow Jones Industrial Average retreats as US-China trade talks loom
2025.05.10 02:31USD/CNH: Downward momentum is slowing rapidly - UOB Group
2025.05.09 21:00Dow Jones Industrial Average lurches higher on US-UK trade deal announcement
2025.05.09 02:04USD/CNH: The level to watch is at 7.1700 - UOB Group
2025.05.08 19:36The Fed is waiting for now - Commerzbank
2025.05.08 18:56Dow Jones Industrial Average holds steady ahead of Fed rate call
2025.05.08 01:50
FXStreet is a forex information website, delivering market analysis and news articles 24/7.
It features a number of articles contributed by well-known analysts, in addition to the ones by its editorial team.
Founded in 2000 by Francesc Riverola, a Spanish economist, it has grown to become a world-renowned information website.
Was this article helpful?
We hope you find this article useful. Any comments or suggestions will be greatly appreciated.
We are also looking for writers with extensive experience in forex and crypto to join us.
please contact us at [email protected].
Thank you for your feedback.
Thank you for your feedback.
Most viewed
AUD/NZD Price Analysis: Aussie holds near 1.0800 as bullish signals persist
The AUD/NZD pair edged higher on Friday, trading near the 1.0800 zone after the European session, reflecting a steady bullish tone as the market heads into the Asian session.
New
2025.05.10 07:15USD/JPY struggles as US Dollar Softens Ahead of Key Trade Talks
USD/JPY pair has pulled back toward 145.00 after failing to extend gains above a near one-month high of 146.20 earlier in the day.
New
2025.05.10 06:45EUR/JPY Price Analysis: Euro steadies near 164.00 as bullish structure holds firm
The EUR/JPY pair eased slightly on Friday, trading near the 164.00 zone after the European session, reflecting a modest pullback from recent gains.
New
2025.05.10 06:24Trump: The US will keep tariffs despite reaching trading deals
US President Donald Trump commented on Friday that he will maintain 10% universal tariffs on imports, even after trade agreements are reached with other countries. He added that there would be exemptions if their counterparts offered advantageous trading terms.
New
2025.05.10 06:21Australian Dollar under pressure as global trade and economic uncertainties persist
The Australian Dollar (AUD) remains under pressure as global trade uncertainties persist, particularly surrounding the US-China trade talks.
New
2025.05.10 05:21Mexican Peso firms despite weak data as trades turn cautious on US-China talks
The Mexican Peso (MXN) registered modest gains versus the US Dollar (USD) on Friday as market participants turned cautious ahead of the US-China talks in Switzerland.
New
2025.05.10 05:05Gold price rises over 1% on USD weakness as geopolitical tensions rise
Gold price climbed over 1% on Friday as the US Dollar (USD) retreated after posting two days of gains, weighed by lower US yields. A deterioration in risk appetite boosted Bullion prices, which are being underpinned by geopolitical concerns. At the time of writing, XAU/USD trades at $3,338.
New
2025.05.10 03:39Canadian Dollar flatlines on Friday as markets look elsewhere
The Canadian Dollar (CAD) flattened on Friday, sticking close to 1.3900 against the US Dollar (USD) as Loonie markets struggle to find a reason to move too far in either direction.
New
2025.05.10 03:37USD/JPY pauses near resistance as breakout decision looms
The USD/JPY pair remains a focal point in the foreign exchange market, fluctuating within a key technical zone as markets digest evolving economic and monetary policy expectations.
New
2025.05.10 03:30US Dollar slides as markets brace for China trade talks
The US Dollar Index (DXY), which measures the value of the US Dollar against a basket of currencies, reverses sharply on Friday after hitting a near one-month high of 100.86 earlier in the day.
New
2025.05.10 03:16Disclaimer:
All information and content provided on this website is provided for informational purposes only and is not intended to solicit any investment. Although all efforts are made in order to ensure that the information is correct, no guarantee is provided for the accuracy of any content on this website. Any decision made shall be the responsibility of the investor and Myforex does not take any responsibility whatsoever regarding the use of any information provided herein.
The content provided on this website belongs to Myforex and, where stated, the relevant licensors. All rights are reserved by Myforex and the relevant licensors, and no content of this website, whether in full or in part, shall be copied or displayed elsewhere without the explicit written permission of the relevant copyright holder. If you wish to use any part of the content provided on this website, please ensure that you contact Myforex.
Myforex uses cookies to improve the convenience and functionality of this website. This website may include cookies not only by us but also by third parties (advertisers, log analysts, etc.) for the purpose of tracking the activities of users. Cookie policy
