RSS USD/CNH: Upward momentum is beginning to fade – UOB Group

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 RSS USD/CNH: Upward momentum is beginning to fade – UOB Group

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Momentum indicators are turning flat, suggesting further range trading, probably in a range of 7.3380/7.3580. Upward momentum is beginning to fade; a breach of 7.3250 would suggest that 7.3700 is not coming into view, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
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