FXStreet reports that FX Strategists at UOB Group discuss USD/CNH prospects.

24-hour view: “We highlighted yesterday ‘the underlying tone has weakened but any decline is likely limited to a test of the major support near 6.4130’. We added, ‘the next major support at 6.4000 is not expected to come into the picture for now’. The subsequent weakness exceeded our expectation as USD came close to breaking 6.4000 (low of 6.4009). While the rapid drop appears to be running ahead of itself, there is no sign of stabilization just yet. From here, USD could dip below 6.4000 but the prospect for extension to 6.3900 is not high. Resistance is at 6.4140 followed by 6.4200.”