Mitrade Insights is dedicated to providing investors with rich, timely and most valuable financial information to help investors grasp the market situation and find timely trading opportunities.

2021

Best News & Analysis Provider

FxDailyInfo

2022

Best Forex Educational Resources Global

International Business Magazine

Insights

News

Economic Indicator

USD/CNH: Likely to trade in a range between 7.1770 and 7.1970 – UOB Group

Source Fxstreet

USD is likely to trade in a range between 7.1770 and 7.1970. In the longer run, 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.

USD has likely moved into a range trading phase

24-HOUR VIEW: "We expected USD to 'trade in a range between 7.1700 and 7.1950' last Friday. USD subsequently traded in a narrower range than expected (7.1713/7.1900). The price action provides no fresh clues, and we continue to expect range trading today, most likely between 7.1770 and 7.1970."

1-3 WEEKS VIEW: "In our most recent narrative from last Monday (09 Jun, spot at 7.1870), we highlighted that the recent 'mild downward momentum has eased, and USD has likely moved back into a range trading phase, probably between 7.1620 and 7.2200.' Since then, USD has traded within the range, and our view remains unchanged for now."

Disclaimer: For information purposes only. Past performance is not indicative of future results.

Recommended Articles

Bitcoin Outlook 2025 As the Bitcoin market continues to mature, its 2025 outlook appears highly favourable, driven by institutional adoption and regulatory developments.

Author TradingKey

Jan 23, Thu

As the Bitcoin market continues to mature, its 2025 outlook appears highly favourable, driven by institutional adoption and regulatory developments.

Solana Price Forecast: SOL flashes bearish signals, risks double-digit crash Solana (SOL) price shows early signs of a potential breakdown as it trades lower at $165.40 on Monday. SOL is approaching a key support level that could determine its next major move. Technical indicators flash red, and bearish sentiment intensifies, with short positions hitting a monthly high.

Author FXStreet

May 19, Mon

Solana (SOL) price shows early signs of a potential breakdown as it trades lower at $165.40 on Monday. SOL is approaching a key support level that could determine its next major move. Technical indicators flash red, and bearish sentiment intensifies, with short positions hitting a monthly high.

XRP ETF approval chances soar to 83% despite SEC Roadblocks The odds of the approved XRP ETF have surged to 83% amid growing institutional demand.

Author Cryptopolitan

May 26, Mon

The odds of the approved XRP ETF have surged to 83% amid growing institutional demand.

Ethereum Price Faces Pressure: Can It Sustain Its Recent Rally?Ethereum price found support at $2,460 and started a fresh increase. ETH is now struggling and might drop again below the $2,500 support.

Author NewsBTC

May 27, Tue

Ethereum price found support at $2,460 and started a fresh increase. ETH is now struggling and might drop again below the $2,500 support.

Dogecoin Follows Bearish June Trend With over 4% Losses – Is The Worst Over?The month of June has been historically bearish for the Dogecoin price, and so far, June 2025 is following the same trend. With just a little over a week into the month, the Dogecoin price has already seen a decline of over 4%, suggesting it is sticking to the established trend. If this is the […]

Author Bitcoinist

Jun 09, Mon

The month of June has been historically bearish for the Dogecoin price, and so far, June 2025 is following the same trend. With just a little over a week into the month, the Dogecoin price has already seen a decline of over 4%, suggesting it is sticking to the established trend. If this is the […]

Popular Symbols