An chanve to long USDCNH
1. News on that US government is going to raise tariff againt China import from 10% to 25%, starting at 5/10, which is very near and surprise the market since the whole market is expecting trade tension is about to end this month. USDCNH jumped above 6.81 level after open on Monday. Though traded down a little, but keeped raising in Tuesday.
2. Technically, the buttom for USDCNH has been formed around 6.69 level, and recent trend has going up, with weekly MACD histogram upward slooping and MAs are crossing upward.
3. Would expect price to test 6.9 level if trade talks doesm't go well.
1. News on that US government is going to raise tariff againt China import from 10% to 25%, starting at 5/10, which is very near and surprise the market since the whole market is expecting trade tension is about to end this month. USDCNH jumped above 6.81 level after open on Monday. Though traded down a little, but keeped raising in Tuesday.
2. Technically, the buttom for USDCNH has been formed around 6.69 level, and recent trend has going up, with weekly MACD histogram upward slooping and MAs are crossing upward.