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USDCNH Update – Still T-Line capping the upside. Keep your eyes on it!

We have highlighted the importance of the Chinese Yuan in previous posts. Updating the technical picture. On the weekly chart, we have a MACD/Signal cross last week. On the 4hr chart, the pair is still trading below the $6.50 THE LEVEL. T-Line still capping the upside. We believe a strong move is on the cards soon. We favour a breakout of USDCNH above $6.50. Time will tell and make sure you are monitoring this pair!

1. USDCNH – Weekly & 4hr Charts: Still at a make or break inflection point!