USD/CNH Forecast: Expected to Trade Between 7.1660 and 7.1860, Mild Bearish Bias Persists

USD/CNH Trades in Tight Range With Mild Bearish Momentum

The USD/CNH currency pair continues to exhibit a sideways movement, now fluctuating between 7.1660 and 7.1860. After recently hitting a low of 7.1645, the pair rebounded slightly and closed at 7.1747, indicating consolidation within a tight band.

Short-Term View: Range-Bound With Bearish Bias

In the 24-hour view, price action is expected to remain in a narrow channel, limited by 7.1660 on the downside and 7.1860 on the upside. Momentum remains weak, and any significant move appears unlikely without fresh catalysts.

💡 Key Intraday Levels:

• Support: 7.1660
• Resistance: 7.1860
• Breakout Confirmation: 7.1960 (to invalidate bearish view)

1–3 Weeks View: Focus on 7.1400 as Downside Target

Over a broader time horizon, analysts maintain a light bearish bias. Since the pair failed to sustain above the 7.1800 level and dropped to 7.1701, the technical outlook suggests the possibility of further easing. However, reaching 7.1400 remains speculative unless momentum strengthens.

Watch This Key Level: 7.1960

A decisive close above 7.1960 would suggest that the current downward pressure has dissipated and could open the door for a retest of the 7.2100–7.2300 zone.

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