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snour

USD/CNY to test 7 (+/-0.06), then target 7.40

Long
U.S. Dollar / Chinese Yuan (FX_IDC:USDCNY)  
snour Updated   
FX_IDC:USDCNY   U.S. Dollar / Chinese Yuan
Technical Indicators Chart Patterns USDCNY
5
0
indicator chartpattern usdcny
Daily chart, the USD/Yuan is seen to test support at 7.06 - 6.94, then rebound to target upper resistance line (blue) at 7.40
Crossing the 7.40 level will push the currency pair to far high targets on the longer term.
Stop loss at support line (red) should be considered.
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