USD/CNH
Long

Big move in US dollar against yuan

77
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

Declinazione di responsabilità

Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.