With oil rallying, and China soon to be accepted by the IMF, to include the Yuan in the SDR currency basket, the technicals in this chart suddenly look very good to me. You could go short here, with stops above yesterday's high to begin with. The currencies not affected by today's fear spike due to Deutsche Bank's shock were: the Euro (surprisingly!), XAU, XAG, CHF, CNH, so, we know these are relatively stronger (same as oil and other commodities).
Hola amigo! And last time during long holidays in Sep the liquidity was bad for CNH and banks sold USD to get CNH. So on Monday another long week for RMB holidays and it can again press the dollar down.
IvanLabrie
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Yes, I'm inclined to think that is the case, but I don't like the price action today.
We will have to wait and see.
albertwt
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Ivan, the chart looks good, so does this means CNY will be higher after 1st October 2016 ?