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MoodandMarkets

In the trader war the CNH could be strengtening?

Short
U.S. Dollar/Chinese Yuan (FX:USDCNH)  
MoodandMarkets  
FX:USDCNH   U.S. Dollar/Chinese Yuan
Trend Analysis Support and Resistance Elliott Wave
5
1
trendanalysis supportandresistance elliottwaves
I am waiting for a strong resistance zone around at 7.2 - 7.3(rising grey line) and the next coming wave could be the first wave of a wave C decline. So if there will be a reversal pattern then the next target in the falling could be somewhere around the rising 50SMA, slightly below 6.84.


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