Thursday, October 15, 2026

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USD/CNH dips in Asia, but signals remain positive

Off 90pts in Asia in response to currency comments Growth target lowered to around 7% Momentum studies crest, 5, 10 & 20 dma's move north - net positive Bias stays higher while close above 6.2703 2015 trend line supports…

By Meredith J C Warren
1 min read
USD/CNH dips in Asia, but signals remain positive
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  • Off 90pts in Asia in response to currency comments

  • Growth target lowered to around 7%

  • Momentum studies crest, 5, 10 & 20 dma's move north - net positive

  • Bias stays higher while close above 6.2703 2015 trend line supports

  • Initial support/resistance are yesterday's 6.2762 low & earlier 6.2920 high

 

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