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  1. USD/CNH Technical Analysis: Failing to Clear the 6.6000 Handle

    by , 06-17-2016 at 03:43 PM
    After finding support at 6.5500 the pair moved higher to test the 6.6000 handle, but has yet to manage a clear break and a hold above on a daily close basis. In fact, the pair has failed to hold above the level for two consecutive days since February.

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    The pair continues to test higher as the price pivots around the 6.6000 level while appearing to find short term support at 6.5880, in turn creating a situation in which the price trades ...