USD/CNH: Further consolidation in the pipeline – UOB By pabspiovano China Currencies Crosses Banks
24-hour view: “Our expectations for USD to ‘rise above 6.3800’ did not materialize as it traded sideways within a tight range of 6.3703/6.3779. The underlying tone still appears to be a tad firm and we continue to see chance for USD to rise above 6.3800. The next resistance at 6.3880 is unlikely to come under threat. Support is at 6.3650 followed by 6.3600.”
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