Note

USD/CNH

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After long holiday termed the Golden Weekend – China markets are finally reopening today! Caixin Services PMI are also due out today. Forecast is 54.3 for Sept vs 54.0 in August.


For the USD/CNH, key daily chart shows a bullish divergence and a bullish inside day candle was also spotted on Tuesday.


Tuesday’s gain also point towards a case for bullish divergence on the 14 day RSI.


Warning ahead: Should the pair finds acceptance under Tuesday’s low of 6.7164 – the bears would surface. 

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Kimlove
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Thanks
Good read
Kimlove
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Thanks - glad it helps!

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