UOB analysts maintain a bearish outlook for USD/CNH, forecasting a downward drift over the next three months while the pair remains capped below the 6.7815 resistance level.
UOB expects USD/CNH to edge lower intraday and drift lower over 1-3 months, indicating a bearish outlook for the pair.
United Overseas Bank strategists Quek Ser Leang and Lee Sue Ann project a bearish trend for USD/CNH over the next one to three months. The pair is expected to remain range-bound in the near term, confined between 6.6950 and 6.7270, before drifting lower as long as it stays below the 6.7815 resistance level.
UOB strategists expect the pair to drift lower over the next one to three months, provided it remains below the cloud resistance level of 6.7815.