USD/CNH: Sellers remain focused on 6.3050 – UOB By pabspiovano China Currencies Crosses Banks
24-hour view: “The sharp plunge in USD to 6.3080 came as a surprise . While the rapid drop appears to be overdone, USD could test the support at 6.3050 before the current weakness should stabilize. For today, the next support at 6.2970 is unlikely to come into the picture. On the upside, a break of 6.3260 would indicate the current weakness has stabilized.”
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