Created
: 2025.06.20
- 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: Likely to trade in a lower range of 7.1750/7.1930 - UOB Group
World FX news
Breaking news
USD/CNH: Likely to trade in a lower range of 7.1750/7.1930 - UOB Group
New
2025.06.20 20:31
2025.06.20 20:31
2025.06.20 20:31
Slight increase in downward momentum is likely to lead to a lower range of 7.1750/7.1930. In the longer run, US Dollar (USD) has likely moved into a 7.1620/7.2200 range trading phase, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Slight increase in downward momentum
24-HOUR VIEW: "We expected USD to "trade in a range between 7.1830 and 7.2030" yesterday. USD then traded between 7.1854 and 7.1975, closing slightly lower at 7.1860 (-0.13%). There has been a slight increase in downward momentum, but this is likely to lead to a lower range of 7.1750/7.1930 instead of a sustained decline."
1-3 WEEKS VIEW: "Our latest narrative was from last Monday (09 Jun, spot at 7.1870), wherein USD has likely moved back into a range trading phase, probably between 7.1620 and 7.2200.' It's been more than a week, and USD is still trading within the range, and we continue to hold the same view for now."
Last updated
: 2025.06.20
Related articles
Dow Jones Industrial Average settles in late-week lull as key US data looms ahead
2025.06.21 04:58USD/CNH: Likely to trade in a lower range of 7.1750/7.1930 - UOB Group
2025.06.20 20:30Dow Jones Industrial Average trims lower during holiday-thinned session
2025.06.20 02:54USD/CNH: Likely to trade in a range between 7.1830 and 7.2030 - UOB Group
2025.06.19 19:14Dow Jones Industrial Average swims in a tight circle ahead of Fed rate call
2025.06.19 02:45FOMC meeting: Probably only exciting in case of a declaration of war - Commerzbank
2025.06.18 20:05
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
Banxico seen cutting rates to 8% despite sticky inflation - Reuters poll
Banco de México (Banxico) is projected to continue its easing cycle next week, despite the latest inflation reports in Mexico suggesting that risks are tilted to the upside. Inflation in May came above the bank's 3% target, increasing concerns that the central bank would continue to reduce rates.
New
2025.06.21 05:34GBP/JPY Price Forecast: Extends rally to 196.60, eyes on 197.00
The GBP/JPY recovers and rallies for the second straight day, is up 0.43%, trades at 196.59, shy of reclaiming the 197.00, poised to finish the week with gains of over 0.40%. Market mood remains sour, but it was not an excuse for buyers to lift the cross-pair to fresh three-day highs.
New
2025.06.21 04:58Dow Jones Industrial Average settles in late-week lull as key US data looms ahead
The Dow Jones Industrial Average (DJIA) held steady on Friday, sticking to chart territory just above the 42,000 major price handle.
New
2025.06.21 04:58WTI Oil retreats as Middle East tensions ease, Trump holds back military move
West Texas Intermediate (WTI) Crude Oil is trading lower on Friday, slipping to around $73.80 per barrel after touching a high of $75.54 on Thursday.
New
2025.06.21 04:10EUR/USD rebounds as Trump delays Iran strike, Waller backs July rate cut
The Euro recovers some ground against the US Dollar on Friday and is set to finish the week virtually flat as risk appetite deteriorates. This is taking place despite US President Donald Trump delaying a military intervention in the Israel-Iran conflict.
New
2025.06.21 04:06Silver Price Forecast: XAG/USD extends decline as safe-haven flows ease
Silver (XAG/USD) remains under pressure for a third day in a row on Friday, retreating further after US President Donald Trump announced he would hold off for two weeks before deciding whether the US should step into the escalating Iran-Israel standoff.
New
2025.06.21 03:07Gold holds steady as Trump delays Iran strike; weekly loss nears 1.9%
Gold price trades flat on Friday and is poised to end the week with a nearly 1.90% loss, after US President Donald Trump delayed taking military action against Iran, opting instead for a diplomatic solution. At the time of writing, XAU/USD trades at $3,369, down 0.11%.
New
2025.06.21 02:38AUD/USD dips as Trump delays Iran decision, US Dollar strengthens on policy divergence
The Australian Dollar (AUD) remains under pressure against the US Dollar (USD) on Friday, with AUD/USD trading near 0.6480 at the time of writing.
New
2025.06.21 01:51USD/JPY climbs to three-week high as Yen shrugs off hot CPI, Fed signals steady policy path
The Japanese Yen (JPY) remains under pressure against the US Dollar (USD) on Friday, extending its losing streak despite a subdued Greenback and shrugging off hotter-than-expected inflation figures that highlight persistent price pressures in Japan.
New
2025.06.21 01:42GBP/USD dips after UK Retail Sales slump, Dollar finds footing on trade jitters
The Pound Sterling registers minimal losses during the North American session, after UK Retail Sales data disappointed investors, while the Greenback recovers some ground. Currently, the GBP/USD is trading at 1.3456, down 0.07%.
New
2025.06.21 00:37Disclaimer:
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
