1. forexcycle

    USDCNH Formed a Short Term Bottom

    After touching the bottom support trend line of the price channel on the weekly chart, USDCNH rebounded strongly from 6.7210 to 6.7918, indicating that a short term bottom had been formed. Will the downtrend continue? There is a bearish trend line from the May 24 high of 6.8876 to the May 31...