The USD/CNH is currently trading at 6.9161, having opened at a three-week low of 6.8956. Notably, the spot had closed last week 6.9463. The US-China trade truce likely triggered a gap down opening. The temporary pause, however, was more or less priced in and the deeply contentious structural issues around US-China trade remains unresolved. As a result, the spot could fill the gap with a move to Friday’s low of 6.9327. A rejection at 6.9327 would validate the symmetrical triangle breakdown and open the doors for a test of 6.7810 (August low). A move above 6.9583 (Nov. 28 high) would open up upside towards 6.98 (Nov. 1 high) and 7.00 (major psychological resistance). Daily Chart Trend: Neutral USD/CNH Overview:     Today Last Price:  6.917     Today Daily change:  -3.3e+2  pips     Today Daily change %:  -0.478%     Today Daily Open:  6.9502 Trends:     Previous Daily SMA20:  6.9361     Previous Daily SMA50:  6.9244     Previous Daily SMA100:  6.8797     Previous Daily SMA200:  6.6347 Levels:     Previous Daily High:  6.9567     Previous Daily Low:  6.934     Previous Weekly High:  6.9587     Previous Weekly Low:  6.9306     Previous Monthly High:  6.9808     Previous Monthly Low:  6.8525     Previous Daily Fibonacci 38.2%:  6.948     Previous Daily Fibonacci 61.8%:  6.9427     Previous Daily Pivot Point S1:  6.9373     Previous Daily Pivot Point S2:  6.9243     Previous Daily Pivot Point S3:  6.9146     Previous Daily Pivot Point R1:  6.96     Previous Daily Pivot Point R2:  6.9697     Previous Daily Pivot Point R3:  6.9827  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 UK manufacturers heading for sharp Brexit slowdown in 2019 – EEF FX Street 4 years The USD/CNH is currently trading at 6.9161, having opened at a three-week low of 6.8956. Notably, the spot had closed last week 6.9463. The US-China trade truce likely triggered a gap down opening. The temporary pause, however, was more or less priced in and the deeply contentious structural issues around US-China trade remains unresolved. As a result, the spot could fill the gap with a move to Friday's low of 6.9327. A rejection at 6.9327 would validate the symmetrical triangle breakdown and open the doors for a test of 6.7810 (August low). A move above 6.9583 (Nov. 28 high) would… 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.
