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USD/CNH longs seen back in trend

Friday, March 20, 2015 9:44 AM UTC

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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USD/CNH longs seen back in trend

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