TechnoMeter

The pair blasted through the 6.6 handle and the 6.6500 resistance following the vote, and have since traded between the 6.7 handle as resistance and the 6.5000 level on what appears to be “resistance turned support” basis.

The fact that the pair has managed to find support at 6.6500 in the context of an uptrend might imply focus will be out on the 6.7 figure, while the next resistance level may be found around the January high at the 6.7584 level.
A move below 6.6500 may put the focus again on the 6.6 handle for possible support, followed by the 6.5500 level.

USD/CNH Daily Chart: July 4, 2016




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