USD/CNH neutral in the near-term – UOB

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Jan 19, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    FXStreet (Edinburgh) - According to the research team at UOB Group, the pair’s outlook is expected to be neutral in the short-term.

    Key Quotes

    “There is no change to the current neutral view as this pair continues to trade choppily within a broad range”.

    “Strong support is at 6.5600 but any up-move is expected to encounter strong resistance at 6.6300 followed by 6.6520”.
    For more information, read our latest forex news.

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