USD/CNH to sustain further losses towards 6.2940 – SocGen

USD/CNH has affirmed prevalence of downward momentum. The pair is set to extend its decline towards the 6.2940 mark, economists at Société Générale report. 

Steady down move 

“Ongoing downtrend is expected to persist towards next projections at 6.2940.”

“Daily Ichimoku cloud at 6.3700 should contain short-term upside.”