The USD/CNH (offshore Yuan exchange rate) hourly chart shows a falling wedge breakout – a bullish continuation pattern, which indicates the rally from the June 14 low of 6.3828 has resumed. Thus, USD/CNH could revisit the recent high of 6.7329 (July 3 high). The breakout was triggered by escalating US-CHina trade tensions. Hourly chart Spot Rate: 6.6809 Daily High: 6.6916 Daily Low: 6.6455 Trend: Bullish Resistance R1: 6.6916 (session high) R2: 6.72 (May 2017 low) R2: 6.7329 (recent high) Support S1: 6.6455 (session low) S2: 6.5999 (previous day’s low) S3: 6.5917 (4H 100MA) 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 AUD/USD Review: Pair grinding into 0.74 as trade tensions grip global markets FX Street 3 years The USD/CNH (offshore Yuan exchange rate) hourly chart shows a falling wedge breakout - a bullish continuation pattern, which indicates the rally from the June 14 low of 6.3828 has resumed. Thus, USD/CNH could revisit the recent high of 6.7329 (July 3 high). The breakout was triggered by escalating US-CHina trade tensions. Hourly chart Spot Rate: 6.6809 Daily High: 6.6916 Daily Low: 6.6455 Trend: Bullish Resistance R1: 6.6916 (session high) R2: 6.72 (May 2017 low) R2: 6.7329 (recent high) Support S1: 6.6455 (session low) S2: 6.5999 (previous day's low) S3: 6.5917 (4H 100MA) Top 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.
