The US Dollar (USD) is poised for a slight decline against the Chinese Yuan (CNY), with the exchange rate expected to test the key level of 6.9470. Analysts from UOB Group, including Quek Ser Leang and Peter Chia, suggest that while this movement indicates some short-term weakness, any downward pressure appears to be limited in nature.
In the broader context, the USD is experiencing mild downward momentum, which could lead to a further dip towards the 6.9400 level in the longer term. Traders should monitor these technical thresholds closely, as they may impact trading strategies for the USD/CNH currency pair in the coming days.
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Data Source: FX Killer Analysis Team Updated: 2026-01-21 13:45
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.