The post USD/CNH breaks lower as downtrend accelerates – Société Générale appeared on BitcoinEthereumNews.com.

USD/CNH has extended its decline after breaking below the lower boundary of a multi-month descending channel, reinforcing the broader bearish trend, Société Générale’s FX analysts note. RMB strength persists despite stretched conditions “USD/CNH has extended its decline after breaking below the lower boundary of a multi-month descending channel. While the downtrend appears stretched, there are still no clear signals of a meaningful rebound.” “The pair looks poised to head gradually towards next objectives at the lower limit of the descending channel drawn since August at 7.01/7.00, followed by 2024 trough near 6.97. If a short-term bounce develops, the 50-DMA near 7.09/7.10 is likely to provide resistance.” Source: https://www.fxstreet.com/news/usd-cnh-breaks-lower-as-downtrend-accelerates-societe-generale-202512160930

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Filed under: News - @ December 16, 2025 10:25 am