Short Renminbi for last leg ( the last meal) Stupid is paying the price again and again. Among those central banks, PBOC is the worst one. They're too old to realize the turning of the culture influence and the huge inflation will be there in the future. This is called NO "wen hua". I have never shorted Renminbi before but NOT this time. This is a clearly signal, BTW.
USDCNH looks very bearish in my opinion. We had a serious sell-off at the 6.986 handle, and I think we are due bearish continuation. This is a daily chart, so this is a longterm trade. For those that follow bitcoin, it would be very interesting if we saw YUAN strength and BITCOIN weakness at the same time. :)