Chinese Yuan Technical Analysis: EUR/CNH, USD/CNH Rates Outlook
USD/CNH rates may be losing their summer uptrend, while EUR/CNH rates remain in a multi-month descending channel.
Source: dailyfx.com
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Chinese Yuan Technical Analysis: EUR/CNH, USD/CNH Rates Outlook
USD/CNH rates have experienced a more significant technical breakdown than their EUR/CNH counterpart.
Source: dailyfx.com
Chinese Yuan Technical Analysis: EUR/CNH, USD/CNH Rates Outlook
Chinese Yuan Technical Analysis: EUR/CNH, USD/CNH Rates Outlook Advertisement Chinese Yuan Outlook: USD/CNH rates have tumbled towards their yearly low, and in the grand scheme of things, the rally seen at the start of 2021 may have been a brief setback before a deeper setback. More weakness in USD/CNH is good for risk appetite, regardless of what’s happening in EUR/CNH. Falling US Treasury yields, higher US equity markets, and surging commodity prices suggest that traders are finding the environment not so favorable for the US Dollar. Chinese Yuan Says ‘Go’ Stable if not softening US ...
Source: dailyfx.com