FXStreet reports that FX Strategists at UOB Group now see USD/CNH navigating between 6.4650 and 6.5020 in the next weeks.

24-hour view: “Our view for a weaker USD yesterday was incorrect as it popped to 6.4930 before pulling back. The outlook is mixed and USD could trade sideways between 6.4750 and 6.4920 for today.”

Next 1-3 weeks: “...while the recent negative phase in USD has ended, it is too soon to expect a recovery. From here, USD is expected to trade between 6.4650 and 6.5020 for period of time. Looking ahead, a clear break of 6.5020 would indicate that USD is ready for a sustained and sizeable rebound.”