Analysts expect limited upward momentum for the yuan against the dollar over the next one to three weeks.
UOB analysts forecast the USD/CNH pair will trade neutrally within a 6.7620–6.7980 range over the next one to three weeks. The yuan’s upward momentum remains constrained despite a recent rise toward 6.7919, with consolidation expected in the near term.
Earlier projections saw the pair testing 6.7850, but resistance at 6.7980 is unlikely to be breached. The broader bias over one to three months still points to a gradual decline, though range trading dominates short-term expectations.
For the day, the pair is expected to move within a 6.7800–6.7950 band, reflecting limited volatility and subdued momentum.