USDCNH rebounded from downtrendline with bearish movement
Price is rejected from 50% Fibonacci level at 6.9252
Pair is based below key level
Below SMA 100
MACD shows weakness in bullish momentum
RSI is below level 50
It's expected for coming bearish wave (c) to target daily demand zone at level 6.8454
Price is rejected from 50% Fibonacci level at 6.9252
Pair is based below key level
Below SMA 100
MACD shows weakness in bullish momentum
RSI is below level 50
It's expected for coming bearish wave (c) to target daily demand zone at level 6.8454
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.