USD/CNH remains pressured near recent lows, weighed by broad USD softness and a low USD/CNY fix. While daily momentum is mildly bearish and RSI approaches oversold levels, a break below 7.0380 could trigger further downside, whereas resistance sits at 7.08.
USD/MXN has turned lower again after failing to reclaim its 50-day moving average, breaking beneath consolidation support and reviving bearish momentum. The focus now shifts to downside targets near 17.85–17.60, with rallies likely capped around 18.37, Société Générale's FX analysts note.
USD/CHF holds steady near 0.7960 during the early European session on Monday. However, the potential upside for the pair might be limited as markets turn cautious ahead of key economic data releases later this week. The US employment reports for October and November are due on Tuesday.