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USD/CNH sees tight ranges – market waits for China’s return

Tuesday, February 24, 2015 3:18 AM UTC

Tight consolidation during Chinese New Year extends - 20pt bounce in Asia
5 dma & momentum studies peak, 10 & 20 dma's climb - neutral setup
6.2672 38.2% Feb rise then 6.2647 10 dma initial supports
Yesterday's 6.2797 high & Friday's 6.2820 top first resistance

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USD/CNH sees tight ranges – market waits for China’s return

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