Thursday, October 15, 2026

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USD/CNH sees positive signals

+50 pts in Asia after a broad USD/CNY fix plus month end flow Opened 90pts higher with the stronger USD offshore 5, 10 & 20 dma's rise - momentum studies conflict - meek positive bias Failure this week above 6.2600 leave…

By Meredith J C Warren
1 min read
USD/CNH sees positive signals
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  • +50 pts in Asia after a broad USD/CNY fix plus month end flow

  • Opened 90pts higher with the stronger USD offshore

  • 5, 10 & 20 dma's rise - momentum studies conflict - meek positive bias

  • Failure this week above 6.2600 leaves another higher low in 2015

  • Initial support/resistance are earlier 6.2775 low & February 6.2856 high

 

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