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fxJun 29, 2026, 8:21 PM

UOB: USD/CNH Range Trade Persists, Downside Risk Intact

UOB's senior technical strategist expects USD/CNH to trade in a tight range near 6.7950-6.8100, with a potential move toward 6.8300 if support at 6.7900 holds.

USDCNH

UOB's Senior Technical Strategist Quek Ser Leang notes that USD/CNH remains in a range-bound pattern, with the pair likely to trade between 6.7950 and 6.8100 in the near term.

Despite easing upside momentum, the bank still sees scope for a push toward 6.8300 as long as strong support at 6.7900 holds. The outlook maintains a bearish bias on the Chinese yuan against the US dollar.

Source: FXStreet Forex News