Here we are tracking a break of the recent consolidation in the channel after the break of 7. A daily close above the red trend line will trigger the flows naturally towards the channel top at 7.164x.
To the downside all pullbacks towards previous resistance will attract buying interest along with the ascending channel base expected to attract bids. Highly recommend viewing pullbacks as a buying opportunity with a target of 7.150x.
Best of luck all those trading USDCNH
To the downside all pullbacks towards previous resistance will attract buying interest along with the ascending channel base expected to attract bids. Highly recommend viewing pullbacks as a buying opportunity with a target of 7.150x.
Best of luck all those trading USDCNH
Trade closed: target reached
A simple break.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.