• USD/ CNY rose to its highest level in nearly three weeks as mainland markets opened after a week-long break.
• Investor focus this week will be on the U.S. inflation report, due on Thursday, and minutes from the Fed's September meeting scheduled to be released on Wednesday.
• At GMT 16:43,the dollar was up 0.60 % at 7.059 against Chinese Yuan.
•Technical signals are bullsih as RSI is trending higher, moving averages are trending up
• Immediate resistance is located at 7.062 (38.2%fib), any close above will push the pair towards 7.079 (23.6%fib).
• Support is seen at 7.043(50%fib) and break below could take the pair towards 7.032 (Sep 24th low).
Recommendation: Good to buyaround 7.055 with stop loss of 7.000 and target price of 7.090
