USD/CNH keeps failing to cross the horizontal resistance region since early-month. 4H 50/100 MA confluence becomes near-term key support. With its another failure to cross 6.9000/05 horizontal-area, USD/CNH witnesses pullback as it declines to 6.8871 ahead of Tuesday’s European session. The pair now aims for the 6.8812/15 confluence including 50 and 100-bar moving averages on the 4-hour chart (4H 50/100 MA), a break of which can fetch prices to 12-day long ascending trend-line, at 6.8692. Should the quote refrains from respecting 6.8692 support, 23.6% Fibonacci retracement of its June month south-run, at 6.8512, can be on sellers’ mind. Meanwhile, an upside clearance of 6.90005 comprising multiple highs since early-month can trigger pair’s fresh advances to June 19 high close to 6.9100 ahead of pushing buyers towards early-June lows surrounding 6.9150/60. USD/CNH 4-hour chart Trend: Pullback expected 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 Litecoin price analysis: LTC/USD hovers below $90.00, more sell-off ahead FX Street 4 years USD/CNH keeps failing to cross the horizontal resistance region since early-month. 4H 50/100 MA confluence becomes near-term key support. With its another failure to cross 6.9000/05 horizontal-area, USD/CNH witnesses pullback as it declines to 6.8871 ahead of Tuesday's European session. The pair now aims for the 6.8812/15 confluence including 50 and 100-bar moving averages on the 4-hour chart (4H 50/100 MA), a break of which can fetch prices to 12-day long ascending trend-line, at 6.8692. Should the quote refrains from respecting 6.8692 support, 23.6% Fibonacci retracement of its June month south-run, at 6.8512, can be on sellers' mind. Meanwhile, an… 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.
