USD/CNH: Failure to hold 6.3300 to clear the way towards 6.2940 – SocGen

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USD/CNH: Failure to hold 6.3300 to clear the way towards 6.2940 – SocGen USDCNY China Banks

“Daily MACD has been posting positive divergence however price action has so far not affirmed a bullish breakout. USD/CNH has to cross beyond a multi-month channel at 6.4000 for confirming an extended rebound.”“Immediate resistance is located at 6.3670.”Information on these pages contains forward-looking statements that involve risks and uncertainties.

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