Chinese Yuan Bullish Performance About To Halt Against Dollars

Long

U.S. DOLLAR / OFFSHORE CHINESE YUAN (FX_IDC:USDCNH)

FX_IDC:USDCNH U.S. DOLLAR / OFFSHORE CHINESE YUAN

supportandresistance fractal economiccycle yuan usdchn

Chinese Yuan has been performing very well against the USD, but that bullish run is about to be halted! USDCNH has pullback to the monthly ascending trendline and also on a good support level. Expecting price rejections at this level for another rally to the north.

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