FXStreet reports that Credit Suisse discusses USD/CNY prospects.

“USD/CNY maintains a small base and has seen the expected test of 6.5561. However, with MACD momentum also pointing at further upside, further strength is likely in due course. A direct break above 6.5561 would warn of further upside with resistance seen thereafter at the 23.6% retracement of the 2020/2021 fall at 6.6016. Later in the year, we eventually expect a turn back lower and an eventual sustained break below 6.4446/6.4236 would open up the next key support at 6.3871.”