{
  "type": "article",
  "title": "Selling Pressure Deepens on the Dollar as It Eyes a Slide Toward 6.7600 Against China's Yuan",
  "summary": "Analysts at United Overseas Bank say downside momentum in USD/CNH keeps building, leaving the Dollar biased toward 6.7600 over the next one to three weeks, as long as strong resistance at 6.7820 holds.",
  "content": "The US Dollar is coming under steadily heavier selling pressure against the Chinese Yuan. Analysts Quek Ser Leang and Lee Sue Ann at United Overseas Bank (UOB) note that downside momentum in the USD/CNH pair keeps building, with the pair having slipped to 6.7653. On an intraday basis, there is a chance the Dollar tests major support at 6.7600, provided it stays below 6.7780.\n\nLooking at the bigger picture, over a one to three week horizon the Dollar is expected to trade with a downside bias toward 6.7600. That view holds only as long as strong resistance at 6.7820 continues to cap any rebound in the currency.\n\nThe 24-Hour View\nOn Wednesday, the Dollar dropped to a low of 6.7695. The earlier read was that the rapid pickup in momentum pointed to further Dollar weakness, even if the major support at 6.7600 looked out of reach for the moment, with another support sitting just above it at 6.7660. On the upside, a break of 6.7800, where minor resistance lies at 6.7760, would have signalled that the decline was starting to stabilise.\n\nThat call proved correct, as the Dollar first climbed to 6.7781 and then fell back to a low of 6.7653. Downward momentum keeps increasing, and today there is room for the Dollar to test 6.7600. To keep that momentum alive, the Dollar needs to hold below 6.7780, where minor resistance is at 6.7720.\n\nThe One to Three Week View\nThe stance on the Dollar turned slightly negative on 15 July, when spot was trading at 6.7720. At that point the signal was that downward momentum was building and the Dollar was likely to trade with a downside bias toward 6.7600. That view stays intact as long as 6.7820 is not breached; a day earlier this strong resistance level had been pegged at 6.7860.\n\nHow Inflation Data Fed In\nFresh inflation figures are part of the backdrop to this currency move. June's Consumer Price Index (CPI) fell 0.4% on the month, the largest one-month decline since April 2020. That drop dragged the annual rate down to 3.5% from May's 4.2% and snapped a three-month streak of accelerating prices.\n\nCore prices, which strip out food and fuel, went nowhere on the month and eased to 2.6% year on year. Both readings came in under consensus, a sign that underlying price pressures are loosening somewhat.\n\nThe Levels to Watch Next\nThe overall picture is one of a Dollar tilted lower against the Yuan for now. On the downside, support sits at 6.7660 and then 6.7600, while on the upside traders will keep an eye on minor resistance at 6.7720, 6.7760 and 6.7780, with strong resistance at 6.7820. As long as the pair stays below 6.7820, the current bout of weakness is expected to persist.\n\nWhat this means for you\n• For investors: With the Dollar tilted lower in USD/CNH, anyone trading the pair should watch support at 6.7600 and resistance at 6.7820 closely.\n• For everyday readers: The Dollar's direction and cooling US inflation can feed through to the cost of imports, overseas study and travel.\n\nQuestions & Answers\n\n1. How far could USD/CNH slide?\nAnalysts say the Dollar may test major support at 6.7600 intraday, with another support level just above it at 6.7660.\n\n2. How long does this view hold?\nThe one to three week downside bias stays intact as long as strong resistance at 6.7820 is not breached.\n\n3. Where is USD/CNH trading now?\nThe pair has slipped to a low of 6.7653, and downward momentum keeps building.\n\n4. What did June's US inflation data show?\nJune CPI fell 0.4% on the month and the annual rate eased to 3.5% from May's 4.2%.\n\n5. What happened to core inflation?\nCore prices were flat on the month and eased to 2.6% year on year, both coming in under consensus.\n\n6. What is needed to keep the Dollar's decline going?\nTo sustain the move, the Dollar needs to hold below 6.7780, where minor resistance sits at 6.7720.",
  "url": "https://trendkia.com/en/market/ameriki-dollar-para-barhata-dabava-chini-yuan-ke-mukabale-6-7600-ki-ora-phisalane-ke-asara-8248",
  "category": "Market",
  "publishedAt": "2026-07-16",
  "tags": [
    "USD/CNH",
    "US Dollar",
    "Chinese Yuan",
    "Forex",
    "Currency Market",
    "United Overseas Bank",
    "CPI Inflation"
  ],
  "language": "en",
  "site": "TrendKia"
}