Tickmill

USDCNH potential reversal!

Short
FX_IDC:USDCNH   U.S. DOLLAR / OFFSHORE CHINESE YUAN

USDCNH expected to rise up to 1st resistance at 7.0195 where it could potentially react off and drop down to 1st support at 6.9466.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.


This analysis is provided as general market commentary and does not constitute investment advice.