{"id":193989,"date":"2023-11-15T16:05:45","date_gmt":"2023-11-15T10:35:45","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=193989"},"modified":"2023-11-15T16:05:45","modified_gmt":"2023-11-15T10:35:45","slug":"a-drop-to-7-2000-is-not-ruled-out-uob-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/a-drop-to-7-2000-is-not-ruled-out-uob-crypto-news\/","title":{"rendered":"A drop to 7.2000 is not ruled out \u2013 UOB – Crypto News"},"content":{"rendered":"

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Further correction could drag USD\/CNH<\/strong><\/a> to the 7.2000 region in the short-term horizon, according to Markets Strategist Quek Ser Leang and Economist Lee Sue Ann at UOB Group.<\/p>\n

Key Quotes<\/h2>\n
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24-hour view:\u00a0Yesterday, we held the view that USD \u201cis likely to trade with a downward bias, but any decline is unlikely to break the major support at 7.2700.\u201d However, USD broke below 7.2700 and plummeted to a low of 7.2498. While severely oversold, USD could weaken further. That said, the major support at 7.2380 is likely out of reach today. The downside risk is intact unless USD breaks above 7.2770 (minor resistance is at 7.2700).\u00a0<\/p>\n<\/blockquote>\n

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Next 1-3 weeks:\u00a0Our most recent narrative was from last Friday (10 Nov, spot at 7.3020), wherein \u201cthe recent buildup in downward momentum has faded, and USD is likely to trade sideways between 7.2700 and 7.3320. Yesterday, USD broke below 7.2700 and plummeted to 7.2498. Downward momentum has increased, and USD is likely to weaken further to 7.2380. If USD breaks clearly below 7.2380, the focus will shift to 7.2000. In order to maintain the rapid momentum buildup, USD must not break above 7.3000.\u00a0<\/p>\n<\/blockquote><\/div>\n","protected":false},"excerpt":{"rendered":"

Share: Further correction could drag USD\/CNH to the 7.2000 region in the short-term horizon, according to Markets Strategist Quek Ser Leang and Economist Lee Sue Ann at UOB Group. Key Quotes 24-hour view:\u00a0Yesterday, we held the view that USD \u201cis likely to trade with a downward bias, but any decline is unlikely to break the […]<\/p>\n","protected":false},"author":2,"featured_media":165159,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[299,201,248,251,246,298,257,276,255,250,252,247,253,249,12288,256,254],"class_list":["post-193989","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-banks","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-crosses","tag-cryptocurrency","tag-currencies","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-usdcnh","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/193989","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=193989"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/193989\/revisions"}],"predecessor-version":[{"id":193990,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/193989\/revisions\/193990"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/165159"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=193989"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=193989"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=193989"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}