The outlook for the US Dollar (USD) against the Chinese Yuan (CNY) appears increasingly negative, as UOB Group analysts Quek Ser Leang and Peter Chia project trading to remain within the range of 7.0620 to 7.0740. The current trading dynamics suggest that the USD may struggle to gain traction, with a critical support level identified at 7.0400 that traders should closely monitor.
Continuing downward pressure on the USD raises concerns about its long-term performance in currency markets. As economic factors evolve, the exchange rate for USD/CNH could reflect broader trends in global trade and investor sentiment, potentially influencing trading strategies across the forex landscape. Traders are advised to stay alert to market developments that could impact the USD's trajectory in the coming sessions.
About FX Killer Trader Incubation Program
Want to become a professional trader? FX Killer offers a completely free professional trader training program. We provide systematic courses, practical training, and professional mentorship to help you grow from beginner to full-time trader.
👉 Join Free Training Program | Trading Psychology Assessment
Data Source: FX Killer Analysis Team Updated: 2025-12-08 11:40
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.