USD/CNH’s bounce from 6.6699 hit on March 20 has neutralized the immediate bearish setup up. A bullish reversal would be confirmed only above the 4-hour 200-candle moving average (MA), currently at 6.7306. The average, however, is proving a tough nut to crack at press time, having served as a strong resistance at least four times since mid-December. As of writing, the pair is trading at 6.7188, having faced rejection at the 4-hour 200-candle MA earlier today. 4-hour chart Trend: Bullish above 4H 200MA FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next BOJ’s Kuroda: Gradual yield rise will see BOJ shift to longer JGBs instead FX Street 4 years USD/CNH's bounce from 6.6699 hit on March 20 has neutralized the immediate bearish setup up. A bullish reversal would be confirmed only above the 4-hour 200-candle moving average (MA), currently at 6.7306. The average, however, is proving a tough nut to crack at press time, having served as a strong resistance at least four times since mid-December. As of writing, the pair is trading at 6.7188, having faced rejection at the 4-hour 200-candle MA earlier today. 4-hour chart Trend: Bullish above 4H 200MA Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
