The USD/CNY pair rose above 6.8089 (78.6% Fib retracement of Dec 2016 – March 2018 drop) and looks overbought as per the 14-day relative strength index (RSI). The bearish divergence of the hourly chart RSI indicates scope for a minor pullback. Hourly chart Spot Rate: 6.7906 Daily High: 6.8105 Daily Low: 6.77 Trend: Minor correction likely Resistance R1: 6.8080 (78.6% Fib retracement) R2: 6.9204 (March 2017 high) R3: 6.9633 (December 2016 high) Support S1: 6.7831 (hourly chart support) S2: 6.7379 (50-hour moving average) S3: 6.7122 (100-hour moving average) 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 US: Manufacturing surveys indicate steady growth but tariff concern – Nomura FX Street 5 years The USD/CNY pair rose above 6.8089 (78.6% Fib retracement of Dec 2016 - March 2018 drop) and looks overbought as per the 14-day relative strength index (RSI). The bearish divergence of the hourly chart RSI indicates scope for a minor pullback. Hourly chart Spot Rate: 6.7906 Daily High: 6.8105 Daily Low: 6.77 Trend: Minor correction likely Resistance R1: 6.8080 (78.6% Fib retracement) R2: 6.9204 (March 2017 high) R3: 6.9633 (December 2016 high) Support S1: 6.7831 (hourly chart support) S2: 6.7379 (50-hour moving average) S3: 6.7122 (100-hour moving average) 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.
