The USD/CNH currency pair is expected to trade within a narrow range of 6.9720 to 6.9920, according to analysts at UOB Group. This forecast reflects current market conditions, where the US Dollar (USD) finds itself in a consolidation phase against the Chinese Yuan (CNH).
Looking ahead, the analysts highlight that deeply oversold conditions and declining momentum may limit any potential downside, suggesting a possible test of 6.9590 as a support level. Traders should monitor these technical levels closely, as they could indicate broader market trends and influence trading strategies in this dynamic forex environment.
About FX Killer Trader Incubation Program
Want to become a professional trader? FX Killer offers a completely free professional trader training program. We provide systematic courses, practical training, and professional mentorship to help you grow from beginner to full-time trader.
👉 Join Free Training Program | Trading Psychology Assessment
Data Source: FX Killer Analysis Team Updated: 2026-01-06 11:18
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.