USD/CNH Price Analysis: Pierces 6.7600 key hurdle on China inflation miss
USD/CNH snaps two-day downtrend after softer-than-expected China CPI, PPI for July. Bulls pierced weekly resistance line, 200-HMA after data, sustained break of 6.7600 awaited for further upside. 61.8% Fibonacci retracement level, ascending trend line from July 31 restrict immediate downside. USD/CNH remains firmer around the daily top after China flashed downbeat inflation numbers for July.… Read More »
