USDCNH is usually a very good indicator for risk-on, risk-off flows because of China’s link to the global economy. What we see on the pair below is an ongoing bearish trend that can resume after a wave four rally. Now, this wave 4 rally is still incomplete and can retest higher resistance, near 6.83. So […]
The post Deeper Corrective Recovery on USD/CNH Can Cause More Risk-off appeared first on Action Forex.
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