Friday, October 16, 2026

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USD/CNH setup suggests consolidation

Fraction firmer in a tight Asian range, after closing 35pts softer in NY 5 & 10 dma poised for a bullish cross Neutral momentum based on 20 dma falls Resistance levels 6.2248 and 6.2353, 38.2% Fibonacci retracement Initi…

By Earlence Fernandes
1 min read
USD/CNH setup suggests consolidation
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  • Fraction firmer in a tight Asian range, after closing 35pts softer in NY

  • 5 & 10 dma poised for a bullish cross

  • Neutral momentum based on 20 dma falls

  • Resistance levels 6.2248 and 6.2353, 38.2% Fibonacci retracement

  • Initial support  at 6.2095, Thursday's low & 50% of March bounce are

 

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