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Friday, 29 July 2016

USDCNH Technical Analysis: 29 July 2016, Friday, 11.35am Singapore Time

USDCNH Technical Analysis: 
29 July 2016, Friday, 11.35am Singapore Time

Attached above is the daily chart of USDCNH. Upmove in USDCNH means Chinese Renminbi goes down with respect to the greenback benchmark. Bull zone in green for USDCNH as highlighted on chart.
The Chinese Yuan (China RMB) is going to have another round of devaluation soon.
This will cause USDCNH to go up. This set-up represents a trading-investment opportunity.

DNA Technical Rating:
USDCNH Bullish 
Chinese Yuan (China Renminbi) Bearish




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