USDCNH Going Up
Hi there,
USDCNH is above the RSI level of 50 and the RSI moving average, indicating a bullish trend as it heads toward the supply area.
If the price breaks through the supply area, it could potentially rise even higher. However, I anticipate a possible rejection at that level, which may bring prices down to the 6.6-6.5 range.
Have a great week,
K.
USDCNH is above the RSI level of 50 and the RSI moving average, indicating a bullish trend as it heads toward the supply area.
If the price breaks through the supply area, it could potentially rise even higher. However, I anticipate a possible rejection at that level, which may bring prices down to the 6.6-6.5 range.
Have a great week,
K.
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