After forming a beautiful double-top formation above 7 coming into 2020, we saw a fabulous downtrend in line with the USD weakness of 2020. But as Echo & The Bunnymen sang " Nothing ever last forever" and is that now the case with the USDCNH Monthly chart?
Do we see the start of a possible inverse Head & Shoulders pattern building here? Or just the start of...
I covered this yesterday in the Monday Market Update ( which you can watch here ). Fascinating chart to look at and I think if it breaks above 1500 we are bullish back towards recent highs.
