USDCNH Going Up

Hi there,

USDCNH is above the RSI level of 50 and the RSI moving average, indicating a bullish trend as it heads toward the supply area.

If the price breaks through the supply area, it could potentially rise even higher. However, I anticipate a possible rejection at that level, which may bring prices down to the 6.6-6.5 range.

Have a great week,
K.