USD/CNH Retains Downside Bias Near 6.7600 – UOB
UOB's Quek Ser Leang says USD/CNH maintains a downside bias in both the 24-hour and 1-3 week horizons, with key support at 6.7600 and strong resistance above.
USDCNH
United Overseas Bank (UOB) strategist Quek Ser Leang notes that the Chinese yuan (USD/CNH) keeps a downside bias against the US dollar.
In the very short term (24-hour view), as well as over a 1–3 week horizon, the pair is expected to remain under pressure. Key support is located near the 6.7600 level, while strong resistance caps any upside attempts.
The assessment is based purely on price action and does not incorporate any new economic data or policy changes.
Source: FXStreet Forex News