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ran.wang.5095
Mar 15, 2016 5:48 AM
Consolidation is a pause for bullish continuation
FX_IDC:USDCNY
1W
U.S. DOLLAR / CHINESE YUAN
ICE
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Mar 15, 2016 5:48 AM
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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