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fxJun 26, 2026, 7:55 PM

OCBC: USD/CNH Bullish Momentum Intact but RSI Signals Correction

OCBC FX strategists note USD/CNH stalled near 6.8020; daily bullish momentum remains intact but RSI is turning lower, indicating the Chinese Yuan’s weakness may be corrective.

USDCNH

OCBC FX strategists Sim Moh Siong and Christopher Wong commented on the recent price action in USD/CNH. The pair’s run-up has stalled, trading around 6.8020. While the daily chart still shows intact bullish momentum, the Relative Strength Index (RSI) is turning lower from elevated levels. This combination suggests the Yuan’s weakness against the U.S. dollar may be corrective rather than a resumption of the broader trend. No additional details or targets were provided.

Source: FXStreet Forex News