USD/CNH set to bounce towards the 6.4250 mark – SocGen

The USD/CNH pair is little changed at 6.3970. Economists at Société Générale expect to see a short-term bounce towards 6.4250.

Critical hurdle seen at 6.4650

“A short-term bounce towards 6.4250 is not ruled out.”

“Daily Ichimoku cloud at 6.4650 will be a crucial hurdle.”