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  1. USD/CNH Technical Analysis: Decision to Be Made at 6.5880

    by , 06-21-2016 at 11:59 AM
    After finding support at 6.5500 the pair moved higher to test the 6.6000, but has yet to manage a clear break and a hold above on a daily close basis. The pair has failed to hold above the level for two consecutive days since February.

    It seems that the pair might need to “make a decision” around the 6.5880 short term support level. If the pair manages to hold above the level, buyers could potentially attempt another move higher to break the 6.6000 handle.

    If price ...