USDCNH Downtrend continues with a new lower low created
My chart shows quite clear that the downtrend continues until the nearest control high gets violated.
Based on measured move, there might be another 350 pips drop from the current level.
Based on measured move, there might be another 350 pips drop from the current level.
Note
Actually, price moved beyond the measured move... 500bps down, that's a lot.
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