USD/CNH remains choppy in a range between key support confluence and 10-day EMA. A downside break can drag the quote to 7.0770/65 while 7.1400/10 could challenge the advances beyond short-term EMA. Despite being above near-term key support-confluence, USD/CNH stays under 10-day exponential moving average (EMA) as it takes rounds to 7.1180 during early Wednesday. While strong downside support and upbeat levels of 14-day relative strength index (RSI), the pair is more likely to rise past-immediate EMA level of 7.1275 and head towards the five-week-old horizontal area around 7.1400/10. During the pair’s run-up above 7.1410, 7.1630 and recent high surrounding 7.1970 may entertain buyers ahead of highlighting 7.2000 mark. On the downside, pair’s break beneath 7.1090/75, including 21-day EMA and 23.6% Fibonacci retracement of July-September upside, can revisit August 19/20 highs surrounding 7.0770/65 whereas 38.2% Fibonacci retracement close to 7.0520 will flash on sellers radar afterward. USD/CNH daily chart Trend: sideways 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 Cryptocurrencies price prediction: Bitcoin, Ripple & Ethereum – Asian Wrap 11 Sept FX Street 4 years USD/CNH remains choppy in a range between key support confluence and 10-day EMA. A downside break can drag the quote to 7.0770/65 while 7.1400/10 could challenge the advances beyond short-term EMA. Despite being above near-term key support-confluence, USD/CNH stays under 10-day exponential moving average (EMA) as it takes rounds to 7.1180 during early Wednesday. While strong downside support and upbeat levels of 14-day relative strength index (RSI), the pair is more likely to rise past-immediate EMA level of 7.1275 and head towards the five-week-old horizontal area around 7.1400/10. During the pair's run-up above 7.1410, 7.1630 and recent high surrounding 7.1970… 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.
