According to UOB, there is an increasing downward force on the USDCNH pair at a rate of 7.28881.

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USDCNH Chart by TradingView

USD/CNH risks a potential pullback to 7.2600 once it breaches 7.2800. comment UOB Group’s Markets Strategist Quek Ser Leang and Senior FX Strategist Peter Chia.

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