The USD/CNH currency pair is expected to trade with a downward bias, according to analysts from UOB Group. They project that the US Dollar (USD) is unlikely to fall below the critical support level of 7.0540. However, the longer-term outlook remains negative, indicating potential further declines in the exchange rate.
Market watchers should keep an eye on the next technical level at 7.0400, as this could signal a significant shift in trading dynamics. A breach of this level might reinforce bearish sentiment in the USD, impacting trading strategies and positioning for investors. As the geopolitical landscape evolves, these levels will be crucial for forecasting future movements in the USD/CNH pair.
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Data Source: FX Killer Analysis Team Updated: 2025-12-10 10:23
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.