USDCNY - Daily - Yuan is trying to fight backTrade Alert
We could potentially capture the fall here, because it seems that the Yuan is trying to fight back from its recent sell-off, that's why we have seen USDCNY skyrocketing.
We can see that the uprise is supported by a steep line, which could get tested soon. But if this time it won't be able to withhold, then a break of that upside support line and a close below the 6.715 level could initiate more selling and the pair could travel lower.
Please examine the chart for potential levels.
Don't forget to have your SL in place.