USD/CNY found bid at 6.74, now trades above 6.76 A close below 6.7650 would validate Friday’s inverted bearish hammer. The oversold Chinese Yuan extended Friday’s gains in early trade, but the resulting dip in the USD/CNY to 6.74 was short-lived. At press time, the currency pair is trading at 6.7639 – down 0.68 percent from the 12-month high of 6.8106 hit on Friday. A close today below 6.7650 (Friday’s low) would add credence to Friday’s inverted bearish hammer candle and would confirm a short-term bullish-to-bearish trend change. Meanwhile, a close above 6.7832 (July 19 high) would open doors for a re-test of Friday’s high of 6.8106. USD/CNY Technical Levels Resistance: 6.7832 (July 19 high), 6.8106 (Friday’s high) Support: 6.7401 (session low), 6.7168 (July 3 high) 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 Australia: Headline CPI to tick up to 0.5% q/q in Q2 – ANZ FX Street 5 years USD/CNY found bid at 6.74, now trades above 6.76 A close below 6.7650 would validate Friday's inverted bearish hammer. The oversold Chinese Yuan extended Friday's gains in early trade, but the resulting dip in the USD/CNY to 6.74 was short-lived. At press time, the currency pair is trading at 6.7639 - down 0.68 percent from the 12-month high of 6.8106 hit on Friday. A close today below 6.7650 (Friday's low) would add credence to Friday's inverted bearish hammer candle and would confirm a short-term bullish-to-bearish trend change. Meanwhile, a close above 6.7832 (July 19 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.
