USD/CNH remains neutral – UOB

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Jan 14, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    FXStreet (Edinburgh) - According to the research team at UOB Group, the stance on USD/CNH remains neutral in the next 1-3 week.

    Key Quotes

    “There is no change in the current neutral view and we expect this pair to trade within a broad range in the coming days”.

    “On a shorter-term note, USD has likely form a base at 6.5600 yesterday but at this stage, any up-move is expected to encounter strong resistance at 6.6300 followed by 6.6520”.
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