FX Strategists at UOB Group noted USD/CNH is expected to keep navigating the 6.75-6.83 range in the next weeks. Key Quotes 24-hour view: “USD trade between 6.7727 and 6.8006 yesterday, narrower than our expected range of 6.7700/6.8100. The underlying tone has improved somewhat and USD could edge upward from here. That said, any advance is likely limited to a test of the resistance at 6.8100. Support is at 6.7880 followed by 6.7700.” Next 1-3 weeks: “We have held a negative view in USD since mid-August. In our latest narrative from last Thursday (17 Sep, spot at 6.7520), we indicated that the ‘decline is oversold but outlook for USD remains weak for now’ and we added, ‘pace of any further weakness is likely to be slower and next major support 6.7165 may be out of reach this time round’. Yesterday (21 Sep), USD rebounded strong and touched a high of 6.8080, not far below our ‘strong resistance’ level of 6.8100. While the ‘strong resistance’ is still intact, downward momentum has waned considerably and this coupled with the still oversold conditions suggest that the month-long negative phase has run its course. From here, there is room for the current rebound to extend higher but for now, any advance is viewed as part of broad 6.7500/6.8300 range.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next EU’s Barnier: We remain determined to strike a Brexit deal FX Street 2 years FX Strategists at UOB Group noted USD/CNH is expected to keep navigating the 6.75-6.83 range in the next weeks. Key Quotes 24-hour view: “USD trade between 6.7727 and 6.8006 yesterday, narrower than our expected range of 6.7700/6.8100. The underlying tone has improved somewhat and USD could edge upward from here. That said, any advance is likely limited to a test of the resistance at 6.8100. Support is at 6.7880 followed by 6.7700.” Next 1-3 weeks: “We have held a negative view in USD since mid-August. In our latest narrative from last Thursday (17 Sep, spot at 6.7520), we indicated that… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.