USD/CNH could soon revisit yesterday’s high of 6.7049, as the relative strength index (RSI) on the hourly chart is breaking above 50, having witnessed a falling channel breakout earlier today. Meanwhile, on the 4-hour chart, the RSI has diverged in favor of the bulls. The bullish case, however, would weaken if the pair finds acceptance under the Feb. 24 low of 6.6733. Hourly chart 4-hour chart Trend: Bullish 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 PBOC injects CNY 60bn via OMOs today FX Street 4 years USD/CNH could soon revisit yesterday's high of 6.7049, as the relative strength index (RSI) on the hourly chart is breaking above 50, having witnessed a falling channel breakout earlier today. Meanwhile, on the 4-hour chart, the RSI has diverged in favor of the bulls. The bullish case, however, would weaken if the pair finds acceptance under the Feb. 24 low of 6.6733. Hourly chart 4-hour chart Trend: Bullish 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.
