Elbruks

Chinese Yuan Headed for New Lows

Long
FX:USDCNH   U.S. Dollar/Chinese Yuan
Now, we are eyeing at USDCNH pair.

The Economic Data from China is as disappointing as it gets. As if deflation is not enough, bank credits just hit 2008 lows!

We are long USDCNH with above 7.50 target!

-Signalwyse Team

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