Thursday, October 15, 2026

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USD/CNH consolidates, but trend is higher

Tight ranges during Chinese New Year - opened +40pts Slight 6.2815 spike early - momentum studies, 5, 10 & 20 dma's move higher Positive setup targets 6.2898 2015 high, then 6.3495 50% 2011/14 fall 6.2744 5 dma then yest…

By Meredith J C Warren
1 min read
USD/CNH consolidates, but trend is higher
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  • Tight ranges during Chinese New Year - opened +40pts

  • Slight 6.2815 spike early - momentum studies, 5, 10 & 20 dma's move higher

  • Positive setup targets 6.2898 2015 high, then 6.3495 50% 2011/14 fall

  • 6.2744 5 dma then yesterday's 6.2730 low initial support

  • Wed's 6.2835 high then Tuesday's 6.2856 top resistance

 

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