brentonyoung

Trendline break, possible counter rally

OANDA:USDCNH   USD/CNH
USDCNH             broke its bearish trendline on the 4hr and is very much oversold from the end of the summer until now. the PRC             has been accused on tampering with the value of their currency and will want to keep their monetary system cheap and competitive. for offshore RMB to devalue, we have to see a bull run on this pair since CNH             is the base
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