1. Hello Guest Do you know binary.com offers exclusive $20 No Deposit Bonus for FX Binary Point visitors? Click here to sign up

USD/CHN now looks to the bearish side – UOB

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Feb 12, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Joined:
    Oct 7, 2015
    Messages:
    27,524
    Likes Received:
    0
    In opinion of the research team at UOB Group, the pair’s outlook is now bearish although there should be well supported around 6.5140.

    Key Quotes

    “We just shifted to a bearish USD stance yesterday and there is no change to the view”.

    “As pointed out, the downward momentum is not very strong and at this stage, any further weakness is likely limited to 6.5140”.

    “Stop-loss is adjusted lower to 6.5850 from 6.5900”.
    For more information, read our latest forex news.
     

Share This Page