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USD/CNH rebounds sees positive signals

Tuesday, February 17, 2015 4:12 AM UTC

Pair's bid made 180pts yesterday ahead of Chinese New Year - extended 90pts today
Move has seen reasonable volumes
Pair's rebound leaves 5, 10 & 20 dma's moving higher - momentum studies base
Early days, but a positive setup - targets 6.2898 2015 high
This morning's 6.2682 low & Feb 6.2815 high are initial support/resistance

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USD/CNH rebounds sees positive signals

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