Ultima Markets | USDCNH Analysis: Unexpected committee attitude

In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the USDCNH for April 3, 2025.

Fundamental Analysis of USDCNH USDCNH Key Takeaways

• US announces reciprocal tariffs: Overnight, US President Trump officially announced the reciprocal tariff policy, US stock index futures fell sharply this morning, and the offshore RMB weakened. 

• cnh weakens: Previous analysis has said that Chinas export data is extremely important for the RMB exchange rate. If the reciprocal tariff is officially implemented, USDCNH may continue to rise.

Technical Analysis of USDCNH Daily and Hourly Charts USDCNH Daily Chart Insights

(USDCNH Daily Price Chart, Source: Ultima Markets MT5)

• Stochastic oscillator: The indicator has entered the overbought area again, suggesting that short-term bullish forces have once again gained the upper hand. However, based on the fact that the exchange rate has not adjusted sufficiently, the indicator may fluctuate and adjust in the overbought area for a period of time.

• Resistance area: The exchange rate rebounded strongly due to fundamentals. After hitting the first target resistance area of 7.33, the exchange rate fell back. If the exchange rate continues to break up, it will look at the years high of around 7.36.

USDCNH 1-hour Chart Analysis

(USDCNH H1 Price Chart, Source: Ultima Markets MT5)

• Stochastic oscillator: The indicator weakened along with the exchange rate during the Asian session, and the exchange rate showed a full downward trend. Based on the daily bullish trend, wait for the indicator to be bullish again and pay attention to trading opportunities.

• Retracement price: The US dollar against the offshore RMB has retreated to around 50% of the previous trend during the Asian session, and there is a probability that the RMB will continue to depreciate. If the exchange rate breaks through 7.32709, the next target will at least look at the intraday high of 7.349.

Pivot Indicator Insights for USDCNH

(USDCNH M30 Price Chart, Source: Ultima Markets APP)

• According to Pivot Indicator in Ultima Markets APP, the central price of the day is established at 7.2998,

• Bullish Scenario: Bullish sentiment prevails above 7.2998, first target 7.3255, second target 7.3333;

• Bearish Outlook: In a bearish scenario below 7.2998, first target 7.2867, second target 7.2790.

How to Navigate the Forex Market with Ultima Markets

To navigate the complex world of trading successfully, its imperative to stay informed and make data-driven decisions. Ultima Markets remains dedicated to providing you with valuable insights to empower your financial journey.

For personalized guidance tailored to your specific financial situation, please do not hesitate to contact Ultima Markets.

Join Ultima Markets today and access a comprehensive trading ecosystem equipped with the tools and knowledge needed to thrive in the financial markets.

Stay tuned for more updates and analyses from our team of experts at Ultima Markets.

—–

Legal Documents

Ultima Markets, a trading name of Ultima Markets Ltd, is authorized and regulated by the Financial Services Commission “FSC” of Mauritius as an Investment Dealer (Full-Service Dealer, excluding Underwriting) (license No. GB 23201593). The registered office address: 2nd Floor, The Catalyst, 40 Silicon Avenue, Ebene Cybercity, 72201, Mauritius.

Copyright © 2025 Ultima Markets Ltd. All rights reserved.

Disclaimer

Comments, news, research, analysis, price, and all information contained in the article only serve as general information for readers and do not suggest any advice. Ultima Markets has taken reasonable measures to provide up-to-date information, but cannot guarantee accuracy, and may modify without notice. Ultima Markets will not be responsible for any loss incurred due to the application of the information provided.