Docular

USDCNY breaks out the upper limit finally, target 7.17 and more

FX:USDCNH   U.S. Dollar/Chinese Yuan
Finally, we see USDCNY breaks out the upper limit from a triangle pattern .

On 25/May/2020, I wrote:
Two targets:
1. (7.20), this includes:
- the last all time high,
- one 1.272 and two 1.618
from previous swings.
- That's also an important
psychological level.
2. (7.171 - 7.176), these are
- two 1.272 extensions from
previous swing.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.