SHORT USDCNH Short Target 6.7200

USDCNH Short 6.7200The appreciation of Chinese Yuan against the US Dollars on the 3rd of January to 5th is a strong signal of a longer term strength of the CNH. The Yuan has been in a consolidation state since then, and is now trading near the upper band of the range.

Short the pair using a market order with a stop-loss of 6.8866 with a Profit Target of 6.7200.

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23, Trading and Writing from Singapore.

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