USD/CNH Consolidates with Downside Bias at 6.77 – UOB
UOB strategists note USD/CNH is consolidating around 6.77, maintaining a downside bias toward 6.7600 as long as resistance at 6.7820 holds.
USDCNH
United Overseas Bank (UOB) strategists Quek Ser Leang and Lee Sue Ann report that USD/CNH is currently consolidating in a narrow range near 6.77.
In their 1–3 week outlook, they maintain a downside bias toward 6.7600, provided that strong resistance at 6.7820 remains intact.
Source: FXStreet Forex News