USDCNH: Parallel support zone in focus
The RSI likely to print a higher low pattern on the daily and weekly aswell. A move below the parallel support (2016 March-2017 Sep) might print a positive divergence.
Near term support finds at 6.4830.
Medium term support zone remains between 6.4400-6.40000. While holds the 6.4000 on a weekly basis we forecast a bullish reaction for 6.5650 and 6.5950
Near term support finds at 6.4830.
Medium term support zone remains between 6.4400-6.40000. While holds the 6.4000 on a weekly basis we forecast a bullish reaction for 6.5650 and 6.5950