USD/CNH Consolidates Near 6.72, Major Resistance Looms
The USD/CNH pair has been consolidating near the 6.72 level, with momentum easing after reaching a high of 6.7200.
This consolidation is expected to be brief, as the US dollar attempts another push higher.
The pair's recent move above 6.7080 has altered its short-term dynamics, with a test of 6.7250 and major resistance at 6.7330 on the horizon.