USD/CNH to Consolidate with Bullish Bias for Yuan – UOB
UOB analysts expect USD/CNH to consolidate in the near term with a bullish bias for the yuan, projecting a trading range of 6.7635 to 6.7755 in the next 24 hours.
USDCNH
United Overseas Bank (UOB) analysts Quek Ser Leang and Lee Sue Ann see USD/CNH consolidating in the near term after recent downside moves. Their 24-hour view expects the dollar to trade between 6.7635 and 6.7755, noting that downward pressure on USD/CNH remains, suggesting a bullish bias for the Chinese yuan.
Source: FXStreet Forex News