Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
USD/CNH likely to move higher,
- After four weeks of struggle, the USD/CNH exchange rate has cleared a crucial resistance, and along with also cleared a downtrend line, which gives the pair a bullish bias in the days ahead.
- The chart shows that the USD/CNH exchange rate has to form at least two bullish hammer candle in the weekly chart to clear this tough hurdle.
- With the resistance cleared, the next stop for the USD/CNH 6.80 area, where it should face significant selling pressure.
Trade idea:
- Long USD/CNH at the current rate and at dips with an initial price target of 6.8 per USD with the stop loss around 6.7 area.
- USD/CNH traders need to watch out for commentaries on trade negotiations and ride the broad-based strength in USD.
