USD/CNHLong
Big move in US dollar against yuan
Facing broadening formation and momentum resistance after +6% in this quarter, crossing above last year's high
Geopolitics in place as China is trying to weaken it's currency following Japan's lead. 2019 & 2020 double top
will be difficult to break at once, but you never know in the current environment.
Give it maybe another quarter or less before the US will start complaining about currency manipulation and rings the headlines
everywhere
Geopolitics in place as China is trying to weaken it's currency following Japan's lead. 2019 & 2020 double top
will be difficult to break at once, but you never know in the current environment.
Give it maybe another quarter or less before the US will start complaining about currency manipulation and rings the headlines
everywhere
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