Thursday, October 15, 2026

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USD/CNH sees light volumes, but positive signals

+50pts in Asia - opened +100pts, as rebound extends towards 6.2900 Pair's rebound leaves momentum studies, 5, 10 & 20 dma's moving higher Positive setup - targets 6.2898 2015, then 6.3495 50% 2011/14 fall Initial support…

By Meredith J C Warren
1 min read
USD/CNH sees light volumes, but positive signals
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  • +50pts in Asia - opened +100pts, as rebound extends towards 6.2900

  • Pair's rebound leaves momentum studies, 5, 10 & 20 dma's moving higher

  • Positive setup - targets 6.2898 2015, then 6.3495 50% 2011/14 fall

  • Initial support/resistance are earlier 6.2764 low & London 6.2856 high

 

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