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fxJul 9, 2026, 2:14 PM

USD/CNH Seen Trading in 6.7950-6.8100 Range as Upward Momentum Fades – UOB

UOB's Quek Ser Leang notes that USD/CNH upward momentum has faded after a prior rise, with the pair expected to consolidate within a narrow 6.7950-6.8100 range in the near term.

USDCNH

UOB's FX strategist Quek Ser Leang commented on the Chinese yuan's recent movement, stating that after a prior rise in USD/CNH, upward momentum has now faded. The pair is expected to trade within a narrow consolidation range of 6.7950 to 6.8100 in the near term.

This range-bound outlook suggests a pause in the recent dollar strength against the offshore yuan, with no clear directional breakout anticipated immediately. Traders may watch for any catalyst to break the pair out of this consolidation zone.

Source: FXStreet Forex News