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Sam_Eder

USDCHN Biased Long after Volatility Breakout

Long
U.S. Dollar/Chinese Yuan (FX:USDCNH)  
Sam_Eder  
FX:USDCNH   U.S. Dollar/Chinese Yuan
Support and Resistance Volatility fxrenew usdchn breakout
2
0
supportandresistance volatility fxrenew usdchn breakout
USDCHN has setup a low-volatility breakout, confirming a potential volatility expansion to come.
We have closed above the recent range and there is potential for a move towards 6.65.
This idea would be violated by a move back below 6.3530s.
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