FXStreet reports that UOB Group’s FX Strategists noted USD/CNH keeps the constructive stance unchanged in the short-term.

Next 1-3 weeks: “While we have held a negative in USD since early last week, we cautioned last Friday that USD ‘has to move and stay below 6.4450 within these 1 to 2 days or a break of 6.4950 would indicate the current weakness has run its course’. While 6.4950 is still intact, the strong price actions this morning suggests that the weak phase in USD has ended. From here, the near-term bias is tilted to the upside but for now, the odds for a rise above 6.5200 are not high. Overall, the current upward bias is deemed is intact as long as USD does not move below 6.4450.”