USD/CNH remains within an established uptrend on the daily chart, and the US02Y-CN02Y spread has reached a new cycle high to suggest upside pressure could be building on USD/CNH.
Prices have retraced and are now trying to build a base around the June highs. Bulls could seek dips around the cycle lows with a stop below 7.25 in anticipation of a move to 7.35, the...
USDCNH LONG - Buy Entry - D1 Chart
Symbol: USDCNH
Timeframe: D1
Type: BUY
Entry Price: Buy @ Market
Stop Loss: 6.36068
Take Profit: 6.45292
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🔺 For educational informational purposes only.
🔺 Analysis may change at any time without notice.
🔺 You must research and create your own trading plan.
