During the morning session, the USD/CNH pair is correcting after predominantly “bearish” trading at the beginning of the current week, leading to a record low of 6.7743 and testing 6.7830 for a breakout.

On the four-hour chart, the instrument is trading within a sideways range of 6.8200–6.7970 (retracement 61.8–23.6%) and is currently positioned near its lower boundary, a break below which would allow a continuation towards 6.7827 (retracement 0.0%) and 6.7560 (extension 100.0%).