USD/CNH fell to 6.7166 before ending slightly lower at 6.7169, a 0.08% decline, as short-term downside momentum continued to build. In the 24-hour view, the pair stayed above 6.7150 despite the dip, though a brief break below that support is still possible. However, the prevailing momentum implies any follow-through is unlikely to extend to 6.7100. Near-term resistance is seen at 6.7210, with a second cap at 6.7250.
Short-Term Support and Resistance Levels
In the 24-hour view, the pair stayed above 6.7150 despite the dip, though a brief break below that support is still possible. However, the prevailing momentum implies any follow-through is unlikely to extend to 6.7100. Near-term resistance is seen at 6.7210, with a second cap at 6.7250.
Multi-Week Outlook and Key Levels
Over a one-to-three-week horizon, the outlook remains negative, with 6.7200 framed as the key break level. If USD/CNH moves below 6.7200 and holds, 6.7000 is the next target. The bearish scenario is maintained provided the pair remains under 6.7300, which is described as strong resistance. A reference point for the prior setup was 21 Aug, when spot was at 6.7240.
