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Ascending Triangle USDCNH

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FX_IDC:USDCNH   U.S. DOLLAR / OFFSHORE CHINESE YUAN
USD Strength on back of weak global growth has been the story so far, with upcoming CPI in the line of sight, getting the conviction on rate cuts will be firmed up. This could have an impact on USD Strength. Alongside this Local growth in China is showing positive signs which could be partially offset by some Trade tariff impact. However my view is Ascending Triangle set's up Short USDCNH position bias in Long term.
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