USDCNH setting up for a correction

2018年8月17日

=> We are expecting profit taking in the pair over the coming sessions. the PBOC are beginning to support a narrative providing some short-term strength into the Yuan after months of preparing for the trade war with US.
=> This is a very complex environment so its time to stay out if you don't know what you are doing.
=> A Daily close below the 6.8676 is the only level to track here for bears, if we break we are set for a test of 6.8061 and 6.7382.
=> Good luck all