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USD/CNH under pressure

USD/CNH pressured as downside stops targeted in Asia Pair dropped to 6.2586 just before release of the FDI data - last 6.2610 FDI comes in at 17.0% YTD - prior 29.4% YTD SSEC up 0.6% but off its early intraday highs of u…

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  • USD/CNH pressured as downside stops targeted in Asia

  • Pair dropped to 6.2586 just before release of the FDI data - last 6.2610

  • FDI comes in at 17.0% YTD - prior 29.4% YTD

  • SSEC up 0.6% but off its early intraday highs of up 0.9%

  • Key resistance remains at 3478 - close above opens up topside 

 

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