According to UOB, there is a possibility that the USDCNH pair, currently trading at 7.30979, may decrease and reach 7.2600.

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USDCNH Chart by TradingView

USD/CNH could lose further momentum and revisit the 7.2600 region in the short-term horizon, suggest Economist Lee Sue Ann and Markets Strategist Quek Ser Leang at UOB Group.

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