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JamesHelliwell JamesHelliwell PRO USDCNH, W,
USDCNH: Yuan weakness is not being confirmed by divergent Dim Sum bonds
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USDCNH, W
Yuan weakness is not being confirmed by divergent Dim Sum bonds

USDCNH may be due for a correction towards 6.60. The Yuan has weakened to 6.70 per dollar and the pair appears overbought on a weekly and daily basis. Having failed to provide a confirmatory close above this key level, we may see a correction towards the 38% Fibonacci retracement level standing at 6.6056 In the meantime, the highly correlated Dim Sum bond ETF ...

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