The US Dollar (USD) against the Chinese Yuan (CNY) is showing signs of potential weakness, with analysts from UOB Group suggesting a possible decline to the exchange rate level of 7.0970. While the next support level at 7.0910 is deemed unlikely to be tested in the near term, the overall downward momentum for the USD has slightly increased.
For a continued bearish trend, the USD must first close below the critical level of 7.1020. If this threshold is breached, traders may watch for further movement that could bring 7.0910 back into play. As market dynamics evolve, these technical indicators will be crucial for forex traders positioning their strategies in the USD/CNH pair.
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Data Source: FX Killer Analysis Team Updated: 2025-11-24 13:33
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.