USD/CNH Momentum Builds as US Dollar Eyes Gains Above 7.1730
By tredu.com • 7/11/2025
Tredu
USD/CNH Momentum Builds as US Dollar Eyes Gains Above 7.1730
Published: July 11, 2025
Category: Forex | Currency Markets | USD/CNH
USD/CNH Range Trading Amid Growing Upward Momentum
The US Dollar (USD) is trading within a defined range against the Chinese Yuan (CNH), fluctuating between 7.1730 and 7.1880. Despite an initial forecast suggesting a downward trend to test 7.1720, the pair held firm and closed near 7.1783.
Short-Term Outlook: Potential for Break Above 7.1900
From a 24-hour perspective, the USD is expected to maintain the current trading range. The key level to watch is 7.1630, which acts as a strong support. As long as this level holds, there is a solid chance the USD may challenge resistance near 7.1900.
Medium-Term View: Premature for 7.2000 Breakout
Over the next 1 to 3 weeks, upward momentum is increasing, but a sustained break above 7.2000 remains premature. Market watchers will be closely monitoring price action near resistance to gauge whether the USD can extend its gains further against CNH.
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