USDCNH ANALYSIS
USDCNH retested broken uptrendline
Price rejected from 50% Fibonacci level at 6.4768
Price is based below HVN at level 6.4670 which indicates that pair is in distribution phase
Below SMA 100
MACD shows start of bearish momentum
It's expected to target key level at 6.4389
Price rejected from 50% Fibonacci level at 6.4768
Price is based below HVN at level 6.4670 which indicates that pair is in distribution phase
Below SMA 100
MACD shows start of bearish momentum
It's expected to target key level at 6.4389
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