Forex - Chart USD/CNY [CN] Update: Broke 2-1/2 week diagonal-triangle


Published at 01:36 (GMT) 09 Apr

  

Chart USD/CNY [CN] Update: Broke 2-1/2 week diagonal-triangle (FQRC7001)

09 Apr USD/CNH Daily

01::25 GMT - Sharp decline below the support line of 2-1/2 week diagonal-triangle, enforced by the negative cross-over seen on daily MACD is setting the tone for deeper pullback towards the beginning point of this pattern at 6.1716. Shorts favoured. [W.T]
R5: 6.2217 4 Apr high
R4: 6.2150 7 Apr high
R3: 6.2130 8 Apr high
R2: 6.1986 intraday level
R1: 6.1967 2 Apr low

S1: 6.1838 26 Mar low
S2: 6.1716 * 25 Mar low
S3: 6.1590 18 Mar low
S4: 6.1520 17 Mar low
S5: 6.1500 * 12 Mar high

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