Head and shoulders for USDCNH forming (Head @ 6.9500 and Shoulders at 6.9000), with Take Profit @ 6.6000 and Stop Loss @ 6.8520.
People's Bank of China has announced a change to Yuan policy to keep currency steady and restrain the depreciation to downplay speculation on a devaluation of the currency due to US-China trade war. In fact, China may be looking at appreciation her currency to appease US.
People's Bank of China has announced a change to Yuan policy to keep currency steady and restrain the depreciation to downplay speculation on a devaluation of the currency due to US-China trade war. In fact, China may be looking at appreciation her currency to appease US.