• USD/CNH sagged to 6.7684 Wed, likely to head lower still

• Bearish cues align as 21, 55 DMAs both turning south

• Bollinger downtrend channel in effect, capping at 6.7792

• US producer prices surprisingly fell in June

• Data tanked UST yields, weighed on USD broadly, lifted stocks

• China bank lending disappoints on weak demand
CNH


(Ewen Chew is a Reuters market analyst. The views expressed are his own.)