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Technical analysis:
USD/CNY has been trading upside as I expected and the USD/CNY is heading towards major upside long term objective. I still see potential for further bigger growth.
Trading recommendation:
Due to the strong upside cycle in the background and no signs for the reversal, I see further growth.
Watch for the potential buying opportunities on the intraday dips with the upside objective at the price of 7.080
MACD oscillator is showing fresh upside money flow, which is sign that the buyers are in control.
Key support is set at the price of 6.889
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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