ran.wang.5095

Consolidation is a pause for bullish continuation

FX_IDC:USDCNY   U.S. Dollar / Yuan Renminbi
56 0 0
From the monthly chart in Mar., the price formed a doji within a tight price range between 6.6-6.45. My bias is to keep bullish on US dollar             against RMB, but short-term consolidation within 6.6-6.45 range is necessary to breakout 6.6 level.
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