Over the 1–3 week horizon, they still expect gradual downside toward 6.7300, provided resistance at 6.7640 holds. Short-term tests, gradual downside bias"24-HOUR VIEW: While we indicated yesterday that USD “could test last week’s low, near 6.7420,” we held the view that “a continued decline below this level is unlikely.” Our view did materialise as USD traded within a tight range of 6.7450/6.7500, closing largely unchanged at 6.7482 (+0.01%). Despite the quiet price action, the underlying tone appears to be soft, and there is a chance for USD to test 6.7420. However, we were of the view that USD “could continue to edge lower toward 6.7300 as long as 6.7640 (‘strong resistance’ level) is not breached.”