Home USD/CNH Technical Analysis: 6.74 is the level to beat for the bulls
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USD/CNH Technical Analysis: 6.74 is the level to beat for the bulls

  • USD/CNH’s bearish-to-bullish trend change would be complete if and when the spot breaks above 6.74.  
  • The pair has already established a higher low at 6.70 on March 13 and a break above 6.74 would establish a higher high.  Therefore, 6.74 is the level to beat for the bull. A close above that level would open up upside toward 6.7845.  
  • A close below 6.70 would weaken the prospects of a move above 6.74.  

4-hour chart

Trend: Bull above 6.74

 

 

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