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USD/CNH tests support near 6.6900 with downside momentum building
UOB analysts say a sustained break and close below 6.6900 could shift focus toward 6.6800 over the next 1 to 3 weeks, with resistance at 6.7050.
FXStreet reports that United Overseas Bank analysts Quek Ser Leang and Lee Sue Ann said USD/CNH unexpectedly fell to 6.6919 on Friday and that downside momentum is starting to build.
They flagged intraday potential for a dip below 6.6900, conditional on the pair staying under 6.6985, while noting resistance is at 6.7050.
In their 1 to 3 week view, they said a clear break and close beneath 6.6900 could open the way toward 6.6800.
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