Yuan/USD Chart at historic support level. Long China?

Long

CHINESE YUAN / U.S. DOLLAR (FX_IDC:CNYUSD)

FX_IDC:CNYUSD CHINESE YUAN / U.S. DOLLAR

trendanalysis chartpattern yuan china usd forex

Trade wars potentially escalating and this chart shows major buy signals on the Yuan as it is near historical support/resistance levels. Will the Yuan break down or will it reverse and appreciate in value relative to the USD in a stroong way. Only time will tell, but this chart is interesting.

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