{"id":152628,"date":"2023-09-09T09:35:13","date_gmt":"2023-09-09T04:05:13","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=152628"},"modified":"2023-09-09T09:35:13","modified_gmt":"2023-09-09T04:05:13","slug":"a-surpass-of-7-3500-could-lead-to-7-3800-uob-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/a-surpass-of-7-3500-could-lead-to-7-3800-uob-crypto-news\/","title":{"rendered":"A surpass of 7.3500 could lead to 7.3800 \u2013 UOB – Crypto News"},"content":{"rendered":"

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USD\/CNH <\/strong><\/a>could revisit the 7.3800 region once it clears 7.3500, comment UOB Group\u2019s Economist Lee Sue Ann and Markets Strategist Quek Ser Leang.<\/p>\n

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24-hour view:\u00a0While we expected USD to rise further yesterday, we were of the view that it \u201cis unlikely to reach 7.3500.\u201d In line with our view, USD rose, but it did not reach 7.3500 (high has been 7.3460). Upward momentum has slowed a tad, and while USD could reach 7.3500 today, any advance is viewed as a higher trading range of 7.3200\/7.3500. To put it another way, USD is unlikely to break clearly below 7.3200 or above 7.3500.\u00a0<\/p>\n<\/blockquote>\n

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Next 1-3 weeks:\u00a0Our latest narrative was from two days ago (06 Sep, spot at 7.3100), wherein the risk for USD has shifted to the upside towards 7.3500. Yesterday, USD rose to a high of 7.3460. Despite the advance, upward momentum has not increased all that much. That said, a break of 7.3500 would not be surprising \u00a0and would then shift the focus to 7.3800. In order to keep the momentum going, USD must stay above \u00a07.3000 (\u2018strong support\u2019 level previously at 7.2800).\u00a0<\/p>\n<\/blockquote><\/div>\n","protected":false},"excerpt":{"rendered":"

Share: USD\/CNH could revisit the 7.3800 region once it clears 7.3500, comment UOB Group\u2019s Economist Lee Sue Ann and Markets Strategist Quek Ser Leang. Key Quotes 24-hour view:\u00a0While we expected USD to rise further yesterday, we were of the view that it \u201cis unlikely to reach 7.3500.\u201d In line with our view, USD rose, but […]<\/p>\n","protected":false},"author":2,"featured_media":21434,"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-152628","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\/152628","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=152628"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/152628\/revisions"}],"predecessor-version":[{"id":152629,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/152628\/revisions\/152629"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/21434"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=152628"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=152628"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=152628"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}