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KeytoMarkets

USDCNH: Parallel support zone in focus

Long
U.S. DOLLAR / OFFSHORE CHINESE YUAN (FX_IDC:USDCNH)  
KeytoMarkets  
FX_IDC:USDCNH   U.S. DOLLAR / OFFSHORE CHINESE YUAN
Chart Patterns
2
0
chartpattern
The RSI likely to print a higher low pattern on the daily and weekly aswell. A move below the parallel support (2016 March-2017 Sep) might print a positive divergence.
Near term support finds at 6.4830.
Medium term support zone remains between 6.4400-6.40000. While holds the 6.4000 on a weekly basis we forecast a bullish reaction for 6.5650 and 6.5950
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