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EXCAVO
Jul 27, 2021 2:38 PM

USDCNH 

U.S. Dollar/Chinese YuanFXCM

Description

USDCNH in the descending channel. It forms the small bullish triangle and bearish ascending wedge inside.

☝🏻 More and more countries have trading relationships with China. It may:
- make the yuan more and more popular;
- put the dollar under structural pressure;
- increase tensions between China and the United States.


Best regards EXCAVO
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