We have two signals here, a monthly one aiming at 6.72254, to be reached before August 2016, and a daily one pointing to a very vicious decline towards 6.23893.
What's interesting here is that usdcnh seems to be a good leading indicator to trade the Aussie dollar and other Asian theater currencies, naturally. I choose AUDUSD because it's the highest liquidity one and it's part of my portfolio, but do your due diligence with this phenomenon.
As for the Yuan, in the long term, it's probable to see continued devaluation of it, and an uptrend in the USDCNH and USDCNY pairs, for fundamental and technical reasons, unless there is a very significant paradigm shift that changes the macroeconomic dynamics at play.
This projected selloff in the USDCNH should serve as both an interesting speculative play, and a good opportunity for individuals seeking to convert their Yuan for Dollars or other currencies as a risk off measure.
Good luck sailing this volatile waters , this is a great time to be a trader, so, don't pass on the opportunities that will arise in the coming days.