The bearish divergence of the daily relative strength index (RSI) indicates the USD/CNH (offshore yuan) could fall back to expanding channel support seen in the hourly chart 6.7275. On the other hand, a bullish breakout would signal a continuation of the rally from the July low of 6.5999 and would open the doors to 7.00. Hourly chart Spot Rate: 6.8444 Daily High: 6.8495 Daily Low: 6.8146 Trend: Cautiously bearish Resistance R1: 6.860 (last week’s high) R2: 6.9169 (June 2017 high) R3: 6.9313 (April 2017 high) Support S1: 6.8146 (session low) S2: 6.7608 (5-week moving average) S3: 6.7275 (expanding channel support) 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 EUR/USD: Sidelined in a pennant pattern, eyes German CPI release FX Street 5 years The bearish divergence of the daily relative strength index (RSI) indicates the USD/CNH (offshore yuan) could fall back to expanding channel support seen in the hourly chart 6.7275. On the other hand, a bullish breakout would signal a continuation of the rally from the July low of 6.5999 and would open the doors to 7.00. Hourly chart Spot Rate: 6.8444 Daily High: 6.8495 Daily Low: 6.8146 Trend: Cautiously bearish Resistance R1: 6.860 (last week's high) R2: 6.9169 (June 2017 high) R3: 6.9313 (April 2017 high) Support S1: 6.8146 (session low) S2: 6.7608 (5-week moving average) S3: 6.7275 (expanding channel support) 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.
