Pretty clear path ahead now that 33.41 level is broken (orange line; the long term decline trend since the start of the month)
Perhaps a little retracement at 38.06 level due to the previous high before making a new high for this month.
I do expect 42~46 CNY to be the peak of this rally and it'll make a pretty good shorting opportunity.
Perhaps a little retracement at 38.06 level due to the previous high before making a new high for this month.
I do expect 42~46 CNY to be the peak of this rally and it'll make a pretty good shorting opportunity.