USD/CNH will breakout from key resistance lines

FOREXCOM:USDCNH   U.S. Dollar / Offshore Chinese Yuan
23 0
The pair will breakout from key resistance lines, sending the pair higher towards its previous high. O January 31, America officially restrict Chinese citizens coming from all parts of mainland China from entering the country. This was amid the continuous spread of the deadly coronavirus abroad. The decision came a month after the US and China signed the phase one trade deal. Analysts estimated that the travel restrictions will cost the US economy of about $10 billion. In line with this, analysts’ projection for the US gross domestic product (GDP) slip to 1.7%, below the 2% target. On the other hand, Chinese Easter Airline has become the first major Chinese carrier to suspend flights to and from the United States. These actions have made the US and Chinese stock market to plummet and their currencies to enter a wild ride. Before these actions, US indices ( S&P 500 , Dow Jones Industrial Average , and NASDAQ 100) are hitting their all-time highs.
𝐅𝐢𝐧𝐚𝐧𝐜𝐞 𝐁𝐫𝐨𝐤𝐞𝐫𝐚𝐠𝐞 - 𝐒𝐭𝐨𝐜𝐤 𝐌𝐚𝐫𝐤𝐞𝐭, 𝐅𝐨𝐫𝐞𝐱 𝐍𝐞𝐰𝐬 & 𝐅𝐨𝐫𝐞𝐱 𝐁𝐫𝐨𝐤𝐞𝐫𝐬
News ◾ Charts & Analysis ◾ Cryptocurrencies ◾ Education ◾ Brokers ◾ TV


Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out