{"id":149321,"date":"2023-09-04T12:50:19","date_gmt":"2023-09-04T07:20:19","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=149321"},"modified":"2023-09-04T12:50:19","modified_gmt":"2023-09-04T07:20:19","slug":"usd-cnh-risks-a-deeper-drop-below-7-2390-uob-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/usd-cnh-risks-a-deeper-drop-below-7-2390-uob-crypto-news\/","title":{"rendered":"USD\/CNH risks a deeper drop below 7.2390 \u2013 UOB – Crypto News"},"content":{"rendered":"

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Further downside in USD\/CNH<\/strong><\/a> appears likely on a breach of 7.2390, argue Economist Lee Sue Ann and Markets Strategist Quek Ser Leang at UOB Group.<\/p>\n

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24-hour view:\u00a0USD fell briefly to 7.2392 last Friday before rebounding strongly to end the day largely unchanged at 7.2715 (-0.05%). The price movements did not result in any significant increase in momentum. Today, USD is likely to trade sideways, probably in a range of 7.2460\/7.2860.\u00a0<\/p>\n<\/blockquote>\n

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Next 1-3 weeks:\u00a0Our latest narrative was from 24 Aug (spot at 7.2840), wherein USD is likely to trade in a range of 7.2500\/7.3300 for the time being. Last Friday (01 Sep), USD fell below 7.2500 (low of 7.2392) before rebounding to close at 7.2715 (-0.05%). Despite no significant increase in downward momentum, the breach of 7.2500 has slightly increased the downside risk. However, USD must break and stay below 7.2390 before a sustained decline is likely. The chance of USD breaking clearly below 7.2390 will remain intact as long as USD stays below 7.3000 in the next few days.\u00a0<\/p>\n<\/blockquote><\/div>\n","protected":false},"excerpt":{"rendered":"

Share: Further downside in USD\/CNH appears likely on a breach of 7.2390, argue Economist Lee Sue Ann and Markets Strategist Quek Ser Leang at UOB Group. Key Quotes 24-hour view:\u00a0USD fell briefly to 7.2392 last Friday before rebounding strongly to end the day largely unchanged at 7.2715 (-0.05%). The price movements did not result in […]<\/p>\n","protected":false},"author":2,"featured_media":17951,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[299,201,248,251,297,246,298,257,276,255,250,252,247,253,249,256,254],"class_list":["post-149321","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-banks","tag-blockchain","tag-bsc","tag-chainlink","tag-china","tag-coin","tag-crosses","tag-cryptocurrency","tag-currencies","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/149321","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=149321"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/149321\/revisions"}],"predecessor-version":[{"id":149322,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/149321\/revisions\/149322"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/17951"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=149321"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=149321"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=149321"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}