Friday, October 16, 2026

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USD/CNH dominated by consolidation

Doji & inside day yesterday and a doji in Asia as consolidation dominates DXY +6.5% since Feb 17, while CNH has range traded - risk to topside Momentum studies, 5, 10 & 20 dma's conflict - neutral range trading setup Ini…

By Meredith J C Warren
1 min read
USD/CNH dominated by consolidation
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  • Doji & inside day yesterday and a doji in Asia as consolidation dominates

  • DXY +6.5% since Feb 17, while CNH has range traded - risk to topside

  • Momentum studies, 5, 10 & 20 dma's conflict - neutral range trading setup

  • Initial support/resistance is Asian 6.2755/6.2815 range 

 

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