The currency pair US Dollar to Chinese Yuan USD/CNH continues to test the area at 6.89. At the moment the quotes of the pair are clamped within the framework of the Forex Triangle model, one should expect the continuation of the dew and breakdown of the upper boundary of the model.
USD/CNH Forecast Chinese Yuan on April 27, 2017
The purpose of the growth of quotations US dollar to Chinese Yuan USD/CNH is an area of an 6.93 level. Expect to accelerate growth is with the breakdown of the upper limit of the Triangle model, as well as the downward resistance line on the indicator of relative strength. The cancellation of the growth scenario will cause the fall and breakdown of the lower border of the upward channel and the fall in quotations to the area below the level of 6.87.
USD/CNH Forecast Chinese Yuan on April 27, 2017 suggests an attempt to continue growing into the ballet above the level of 6.93 as part of the start of the Forex trading Triangle model, the cancellation will be a breakdown of the lower boundary of the model.
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