According to UOB Group analysts, USD/CNH is likely to trade within a tight range between 7.1770 and 7.1970 in the short term. On a longer timeframe, the USD seems to have entered a trading phase of 7.1620 to 7.2200. These projections highlight a somewhat stagnant sentiment surrounding the pair, implying limited directional movement for the foreseeable future. Traders should remain vigilant and prepared for sudden shifts in volatility that could disrupt the current stability. Understanding these movements will be crucial for effective trading strategies in the subsequent sessions.