Analysts maintain a bearish outlook on the yuan, targeting 6.7000 if USD/CNH breaks below 6.7200 in the coming weeks.
United Overseas Bank analysts retain a downside bias for USD/CNH after the pair dipped to 6.7180 and closed near 6.7210. Intraday movements are expected to stay within a 6.7150–6.7240 range, with a clear break below 6.7150 unlikely.
The bank has held a negative view on USD since early August, noting increased downward momentum. A sustained move below 6.7200 could open a path toward 6.7000 over the next one to three weeks, provided resistance at 6.7340 holds.
No immediate market reaction was specified, but the bias remains tilted toward further yuan strength against the dollar.