Further sharp declines appear likely; support is at 6.9700. Not unreasonable to expect further US Dollar (USD) weakness, particularly when there are no significant support levels close by, UOB Group FX strategists Quek Ser Leang and Peter Chia note.
USD/CNH to continue to trade lower
24-HOUR VIEW: “The sharp selloff that sent USD plunging yesterday took us by surprise (we were expecting consolidation). Not surprisingly, further USD weakness seems likely today. As the next support is some distance away at 6.9700, we could continue to see sharp declines today. On the upside, any short-term rebound is likely to remain below 7.0380 with minor resistance at 7.0200.”
免責事項：本記事で述べられている見解は著者の見解のみであり、Followmeの公式見解を反映するものではありません。Followmeは、提供された情報の正確性、完全性、信頼性について一切責任を負いません。また、書面で明示的に記載されている場合を除き、本記事の内容に基づいて行われたいかなる行動についても責任を負いません。
