Technical Analysis – USDCNH rallies above 200-day SMA; neutral in medium term
USDCNH had an aggressive bullish start on Thursday, surpassing the short and medium term simple moving averages (SMAs) and the 7.0000 psychological level. While the SMAs are moving higher, mirroring the market’s positive behavior over the past three days, the RSI indicator is still holding in bullish territory, flagging that a recovery could reemerge in […]