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fxJun 4, 2026, 6:41 PM

UOB Sees USD/CNH Neutral, Consolidation Expected Between 6.7620 and 6.7980

UOB analysts report a sharp rebound in USD/CNH above 6.78, invalidating their prior bearish view. They now expect the pair to consolidate between 6.7620 and 6.7980 near term.

USDCNH

Analysts at UOB Group, Quek Ser Leang and Lee Sue Ann, note that USD/CNH has staged a sharp rebound, rising above the 6.78 level. This move has invalidated their previous bearish outlook.

They now assess the pair as neutral, anticipating a consolidation phase in the near term. The expected range is between 6.7620 and 6.7980, with key resistance levels at 6.7850 and 6.7980.

Source: FXStreet Forex News