USDCNH extends the last day's recovery moves to refresh the weekly top around $6.4780 during early Wednesday, up 0.12% intraday around $6.4730 by the press time.
In doing so, the quote justifies the U-turn from 100-SMA, as well as upbeat RSI conditions, to help keep buyers hopeful.
However, a downward sloping trend line from late July, near $6.4810, will be the key for the offshore Chinese currency (CNH) pair's further advances.
Also acting as an upside hurdle could be the monthly top near $6.4880, some slack that would direct the north-run towards August month's high near $6.5100.
Alternatively, pullback moves remain less worrisome until staying beyond 100-SMA level around $6.4570.
Even if the quote drops below 100-SMA, July-end lows near $6.4500 will challenge the USD/CNH bears before directing them to the yearly low of $6.4244.
