What If China Recovery Isn't Happening Just Yet?

Fundamentals & Sentiment

CNH:
- PBoC cut the rate; other stimulus measures

USD:
- Recent strong data
- Cautious, "balanced" approach by the Fed

Technical & Other

- Chinese equities struggle to keep the upward momentum

• Setup: TC(RTF)
  
• Setup timeframe: 4h
  
• Trigger: 1h
  
• Medium-term: Up
  
• Long-term: Down
  
• Min target: Local high
  
• Stop loss: 0.28%
  
• Position size: 0.66R