{"id":206599,"date":"2023-12-05T16:33:48","date_gmt":"2023-12-05T11:03:48","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=206599"},"modified":"2023-12-05T16:33:48","modified_gmt":"2023-12-05T11:03:48","slug":"usd-cnh-faces-extra-losses-below-7-1100-uob-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/usd-cnh-faces-extra-losses-below-7-1100-uob-crypto-news\/","title":{"rendered":"USD\/CNH faces extra losses below 7.1100 \u2013 UOB – Crypto News"},"content":{"rendered":"

<\/p>\n

\n

\n Share:<\/span><\/p>\n

A deeper pullback emerges on the horizon in case USD\/CNH<\/strong><\/a> breaches 7.1100 in the near term, suggest UOB Group\u2019s Markets Strategist Quek Ser Leang and Senior FX Strategist Peter Chia.<\/p>\n

Key Quotes<\/h2>\n
\n

24-hour view:\u00a0We indicated yesterday that \u201cas long as USD stays below 7.1500, it is likely to edge lower.\u201d Our view was incorrect as USD rose to high of 7.1550. The advance lacks momentum, and USD is unlikely to rise much further. Today, USD is more likely to trade in a range, probably between 7.1300 and 7.1580.\u00a0<\/p>\n<\/blockquote>\n

\n

Next 1-3 weeks:\u00a0Our update from yesterday (04 Dec, spot at 7.1250) is still valid. As highlighted, the recent price action has resulted in a slight increase in downward momentum. If USD breaks the major support at 7.1100, the next level to watch is 7.0600. Conversely, if USD breaks above 7.1660 (no change in \u2018strong resistance\u2019 level), it would mean that the USD weakness from the middle of last month\u00a0has stabilised.<\/p>\n<\/blockquote><\/div>\n","protected":false},"excerpt":{"rendered":"

Share: A deeper pullback emerges on the horizon in case USD\/CNH breaches 7.1100 in the near term, suggest UOB Group\u2019s Markets Strategist Quek Ser Leang and Senior FX Strategist Peter Chia. Key Quotes 24-hour view:\u00a0We indicated yesterday that \u201cas long as USD stays below 7.1500, it is likely to edge lower.\u201d Our view was incorrect […]<\/p>\n","protected":false},"author":2,"featured_media":156308,"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-206599","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\/206599","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=206599"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/206599\/revisions"}],"predecessor-version":[{"id":206600,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/206599\/revisions\/206600"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/156308"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=206599"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=206599"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=206599"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}