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fxJul 1, 2026, 8:54 PM

USD/CNH Consolidates as UOB Notes Limited Downside

UOB's Quek Ser Leang observed USD/CNH dip to 6.7865 before rebounding, citing oversold conditions that suggest limited further downside and an intraday range of 6.7860–6.7990.

USDCNH

USD/CNH traded in a narrow band, slipping to an intraday low of 6.7865 before reversing higher. According to UOB's Quek Ser Leang, the pair is in a consolidation phase, with oversold signals capping further declines.

The analyst sees the immediate range between 6.7860 and 6.7990, with a break below the lower bound needed to sustain bearish momentum. The overall tone remains neutral in the near term.

Source: FXStreet Forex News