FXStreet reports that FX Strategists at UOB Group noted that further downside in USD/CNH looks likely in the next weeks.

Next 1-3 weeks: “There is not much to add to our update from Monday. As highlighted, downward momentum is beginning to improve but USD has to close below 6.4400 before a move towards 6.4130 can be expected. The prospect for such a move has increased and would continue to increase as long as USD does not move above 6.4900 (no change in ‘strong resistance’ level). Looking ahead, the support below 6.4400 is at 6.4130.”