Currency pair US Dollar to Chinese Yuan USD/CNH is trading at 6.7600. The pair is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a downward trend in the pair US Dollar/Chinese Yuan. It is expected to test the area of signal lines near the level of 6.7860, from which one should expect an attempt to fall and develop a bearish trend for the pair US Dollar/Chinese Yuan near the level of 6.7060.
USD/CNH forecast Chinese Yuan on June 2, 2017
Earlier, a strong signal was received for the sales of the US Dollar/Chinese Yuan, due to the crossing of signal lines at 6.8762 level. The cancellation of the fall of the pair’s quotations will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above the area of 6.8240, which will indicate a change in the bearish trend in favor of the bullish trend. Expect the acceleration of USD/CNH quotes falling with the breakdown of the local minimum area at the level of 6.7200.
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