USD/CNH Surges Towards 7.26 Resistance After Rebound from 7.16
USD/CNH has recently paused its downtrend after finding support near 7.16. A modest rebound is currently unfolding. However, analysts from Sociรฉ tรฉ Gรฉnรฉrale point out that any upward movement may be limited for the moment. If the price breaks below 7.16, the downtrend could extend further. Traders should remain vigilant while watching these significant levels for potential trading opportunities. For now, the focus shifts to how the currency pair reacts near 7.26 resistance as market conditions evolve. Whether USD/CNH can break through this point remains to be seen, but this area will likely be the focal point of many traders in the upcoming sessions.