Neutral
USD/CNH rebounds to 6.7153 as bearish momentum fades; resistance at 6.7200.
Over the past 24 hours, USD/CNH has reversed its recent downward trend, climbing to 6.7153 from a low of 6.7043. This rebound indicates a reduction in bearish momentum, though gains are expected to remain within a defined range.
Key points
- USD/CNH rises to 6.7153, signaling a shift from bearish to neutral momentum.
- United Overseas Bank projects the pair to trade between 6.7040 and 6.7290 over the next one to three weeks.
- Immediate resistance identified at 6.7200; support at 6.7085.
Sources
AI-generated from public news sources. Not financial advice.
