USD/CNY to test 7 (+/-0.06), then target 7.40
Daily chart, the USD/Yuan is seen to test support at 7.06 - 6.94, then rebound to target upper resistance line (blue) at 7.40
Crossing the 7.40 level will push the currency pair to far high targets on the longer term.
Stop loss at support line (red) should be considered.
Crossing the 7.40 level will push the currency pair to far high targets on the longer term.
Stop loss at support line (red) should be considered.
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