Friday, October 16, 2026

Technicals

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USD/CNH longs seen back in trend

Pair bounces after a look below 6.2000 Downward move lost strength as soon as targeted stops were triggered Fresh speculator demand seen ahead 200-DMA 6.1900 (6.1953 low) Pair trades close to 0.6% off mid-point after pre…

By Ian Preston
1 min read
EconoTimes — Reading the Times. Understanding the Future.

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  • Pair bounces after a look below 6.2000

  • Downward move lost strength as soon as targeted stops were triggered

  • Fresh speculator demand seen ahead 200-DMA 6.1900 (6.1953 low)

  • Pair trades close to 0.6% off mid-point after pressing 2% band

  • PBOC expected to step back. Possibility seen now for longs in keeping broad USD trend

 

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