FXStreet reports that UOB Group’s FX Strategists note that USD/CNH is still seen attempting a move to the 6.4015 level in the next weeks.

24-hour view: “Indicators are mostly ‘flat’ and further consolidation would not be surprising. Expected range for today, 6.4250/6.4400.”

Next 1-3 weeks: “Our view from Wednesday (19 May, spot at 6.4255) still stands. As highlighted, USD is under mild downward pressure and could grind lower to 6.4015. At this stage, the prospect for a sustained decline below this level is not high. On the upside, a breach of 6.4460 (‘strong resistance’ level) would indicate that the current mild downward pressure has eased.”