Published at 04:41 (GMT) 15 May
15 May USD/CNY 1-Yr NDF Daily
Pressure stays on the downside though the 6.2450 support holding firm for now. Divergence on daily tools suggest scope for corrective bounce with resistance now at 6.2580 and 6.2660 and lift over these needed to fade downside pressure. Below 6.2450 will see further decline to 6.2385 and 6.2305. [P.L]
R5:: 6.2855 22 Apr high R4: 6.2835 * 4 May high
R3: 6.2805 5 May high
R2: 6.276 * 8 May high
R1: 6.266 29 Apr low
S1: 6.245 * 21 Nov low
S2: 6.2385 5 Nov low
S3: 6.2305 * 28 Oct low
S4: 6.2273 9 Oct low
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