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USD/CNH 14/01/19 | EconAlerts

Technical Analysis – USD/CNH erases downward rally

USD/CNH erases downward rally; rebounds on a 6-month low. USD/CNH plunged to a new six-month low of 6.7360 in Friday’s session, creating three straight negative days. The price dropped beneath the 23.6% Fibonacci retracement level of the up-leg from 6.2350 to 6.9781, however, currently, it is paring some of the lost ground. The RSI is pointing

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