Published at 04:26 (GMT) 12 Nov
12 Nov USD/CNY 1-Yr NDF Daily
Further extension to take out the 6.2725/45, 6-mth range high, see mkt extending the larger recovery from the 6.0950, Jan low. Higher will target 6.2770 and 6.2810. Support starts at 6.2519/15 area and break needed to fade upside pressure and retrace recent up-leg from the 6.2305 low. [P.L]
R5:: 6.2985 2 Aug 2013 high R4: 6.2935 5 Aug 2013 high
R3: 6.29 figure
R2: 6.281 * 7 Aug 2013 high
R1: 6.277 8 Aug 2013 high
S1: 6.2519 7 Nov low
S2: 6.2447 6 Nov low
S3: 6.2385 * 5 Nov low
S4: 6.2352 30 Oct low
S5: 6.2305 * 28 Oct low
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