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fxJul 16, 2026, 9:54 PM

USD/CNH Faces Potential Decline to 6.7600, Says UOB

UOB analysts note that USD/CNH downside momentum is building after the pair slipped to 6.7653, with a possible test of major support at 6.7600.

USDCNH

United Overseas Bank (UOB) strategists Quek Ser Leang and Lee Ann Ann highlight that downside momentum for USD/CNH continues to build after the pair dipped to 6.7653. They see a chance of testing the major support level at 6.7600 while quotes remain below that region. The comment suggests a near-term upside bias for the Chinese yuan against the US dollar.

Source: FXStreet Forex News