Currency pair US Dollar to Chinese Yuan USD/CNH is trading at 6.7892. The pair continues to trade above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating that there is an bullish trend in the pair US Dollar/Chinese Yuan. The Ichimoku Kinko Hyo Cloud upper limit test is expected near the level of 6.7800, from which it is expected to try to grow and develop the bullish trend for the pair US Dollar Chinese Yuan for the target of growth near the level of 6.8390.
Chinese Yuan forecast USD/CNH on June 16, 2017
Earlier, we received a weak signal for sales of the US dollar pair Chinese Yuan, due to the crossing of the signal lines at 6.7850 level. The cancellation of the growth of the pair’s quotations will be the breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes below the area of 6.7600, which will indicate a change in the bullish trend in favor of the bearish trend. Expect to accelerate the growth of quotations USD/CNH stands with the breakdown of the local maximum area at the level of 6.8290.