USD/CNH faces the next hurdle at 6.6300 – UOB

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USD/CNH faces the next hurdle at 6.6300 – UOB
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USD/CNH faces the next hurdle at 6.6300 – UOB By pabspiovano China Currencies Crosses Banks

to test the 6.6300 region in the near term, suggested FX Strategists at UOB Group Lee Sue Ann and Quek Ser Leang.24-hour view: “The strong surge in USD to 6.6090 came as a surprise . The sharp pullback from the high amid overbought conditions suggests that the strong rally over the past few days is ready to take a breather. In other words, USD is likely to trade sideways for today, expected to be within a range of 6.5500/6.6000.

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