Currency pair US Dollar to Chinese Yuan USD/CNH is trading at 6.7702. The pair continues to trade below the lower boundary of the Cloud Ichimoku Kinko Hyo, which indicates the presence of a bearish trend in the pair Dollar/Chinese Yuan. The Ichimoku Kinko Hyo Cloud lower limit test is expected near the level of 6.7870, from which one should expect an attempt to fall and develop a bearish trend for the pair USD of the Chinese Yuan near the level of 6.7230.
USD/CNH forecast Chinese Yuan on June 7, 2017
Earlier, a strong signal was received for the sales of the US dollar pair Chinese Yuan, due to the intersection of the signal lines at the level of 6.7811. 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 quotations above the area of 6.8230, which will indicate a change in the downward trend in favor of the upside. Expect to accelerate the fall in USD/CNH quotes with a breakdown of the local minimum area at 6.7380.
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