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phillip_nova

USDCNH: Expect Further Decline

Short
U.S. DOLLAR / OFFSHORE CHINESE YUAN (PHILLIPNOVA:USDCNH)  
phillip_nova Broker  
PHILLIPNOVA:USDCNH   U.S. DOLLAR / OFFSHORE CHINESE YUAN
Chart Patterns Trend Analysis USDCNH forexsignals chineseyuan DJ FXCM Index
5
0
chartpattern trendanalysis usdcnh forexsignals chineseyuan usdollar
USDCNH continues on its downtrend after being rejected off previous dynamic support level around 7.16 zone that now serves as resistance.

Potential short term rebound to 7.125 (R1) that would be a good entry for short position with a downside target level around 7.062 (S1).
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