Friday, October 16, 2026

Technicals

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USD/CNY edging closer to midpoint

Pair seen above early 6.1805 low, last 6.1879, still -0.13% on day It has broken 200-DMA at 6.1870 for 1st time since Dec 11, 2014 earlier Pair is down 1.2% since Mon close (sharp move for CNY) vs 0.7% DXY drop Trading 0…

By Ian Preston
1 min read
EconoTimes — Reading the Times. Understanding the Future.

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  • Pair seen above early 6.1805 low, last 6.1879, still -0.13% on day

  • It has broken 200-DMA at 6.1870 for 1st time since Dec 11, 2014 earlier

  • Pair is down 1.2% since Mon close (sharp move for CNY) vs 0.7% DXY drop

  • Trading 0.62% over PBOC fix (+36 pips - lower than exp)

  • Low fixes, intervention roil CNY bears 

 

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