USD/CNH could soon revisit yesterday’s high of 6.7049, as the relative strength index (RSI) on the hourly chart is breaking above 50, having witnessed a falling channel breakout earlier today.
Meanwhile, on the 4-hour chart, the RSI has diverged in favor of the bulls.
The bullish case, however, would weaken if the pair finds acceptance under the Feb. 24 low of 6.6733.
Hourly chart
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4-hour chart
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Trend: Bullish
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