USD/CNY US Dollar to Chinese Renminbi Yuan rates forecast - up to 7.38 and 7.73
Market : Chinese Renminbi Yuan rates (USD/CNY Forex)
Trade : BUY the Dip
Entry : 7.065
Target : 7.38 (0.315, +4.46 %)
Stop : 6.96 (0.105, -1.49 %)
Date : May 20 (Wed) 05:15 (EST)
Note : The U.S. dollar is likely to be relatively strong against Chinese Renminbi Yuan. USD/CNY rates are expected to rise up to 7.38, and if the upward trend is strong, they will rise up to 7.73 level. The support line is 6.96. People say it's because the United States is provoking war with China. I don't know whether it is or not. Anyway, they are likely to rise.
[USD/CNY rates monthly chart]
Trade : BUY the Dip
Entry : 7.065
Target : 7.38 (0.315, +4.46 %)
Stop : 6.96 (0.105, -1.49 %)
Date : May 20 (Wed) 05:15 (EST)
Note : The U.S. dollar is likely to be relatively strong against Chinese Renminbi Yuan. USD/CNY rates are expected to rise up to 7.38, and if the upward trend is strong, they will rise up to 7.73 level. The support line is 6.96. People say it's because the United States is provoking war with China. I don't know whether it is or not. Anyway, they are likely to rise.
[USD/CNY rates monthly chart]