Forex Market News Technical Analysis: USD/CNH hovers around 6.77 as UOB Strategists Project Short-Term Downside Bias Amid Medium-Term Consolidation July 18, 2026 Nila Kartika Wati Executive Summary and Main Facts The offshore Chinese yuan (CNH) is undergoing a period of tight consolidation against the US dollar (USD), with the currency pair stabilizing around the critical…