FXStreet reports that FX Strategists at UOB Group notes that USD/CNH is still expected to trade within the 6.3650-6.4050 range in the near term.

24-hour view: “Momentum indicators are mostly flat and USD is likely to trade sideways. Expected range for today, 6.3790/6.3960.”

Next 1-3 weeks: “We continue to hold the same view as from yesterday (10 Jun, spot at 6.3830). As highlighted, USD likely to trade sideways within a range of 6.3650/6.4050.”