Thursday, October 15, 2026

Technicals

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USD/CNH rebounds sees positive signals

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 s…

By Meredith J C Warren
1 min read
USD/CNH rebounds sees positive signals
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  • 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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