USD/CNH continues to trade near recent lows, reflecting ongoing pressure from a broadly weaker USD and a lower USD/CNY fix. The currency pair has shown mild bearish momentum, with the Relative Strength Index (RSI) approaching oversold territory, indicating potential for further declines if current trends persist.
Market analysts suggest that a break below the key support level of 7.0380 could unlock additional downside for USD/CNH, intensifying selling pressure. Conversely, resistance is identified at 7.08, which may act as a barrier for any upward movement in the exchange rate. As traders monitor these technical levels, the implications of USD softness on the yuan remain a focal point in the forex market.
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Data Source: FX Killer Analysis Team Updated: 2025-12-15 13:40
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.