FXStreet reports that FX Strategists at UOB Group noted USD/CNH is now seen between 6.5400 and 6.6200 in the next weeks.

Next 1-3 weeks: “We have held a negative view in USD for about 2 weeks now. In our latest narrative from last Friday, we highlighted that ‘unless USD moves and stays below 6.5500 within these 1 to 2 days, prospect for a move to 6.5200 would diminish quickly’. USD dropped to 6.5455 yesterday (23 Nov) before rebounding strongly to end the day on a firm note at 6.5835 (+0.49%). While our ‘strong resistance’ level at 6.6000 is still intact, the rapid loss in momentum suggests that the weak phase in USD has run its course. From here, USD is deemed to have moved into a consolidation phase and is expected to trade between 6.5400 and 6.6200 for a period of time.”