Technical Analysis – USDCNH rocks to all-time highs; overbought warnings detected
USDCNH skyrocketed above the symbolic 7.00 level on Monday and to all time-highs after breaking the crucial 6.960-6.980 ceiling that kept bulls under control more than three years now. Technically, some weakness could be reasonably awaited in the short-term as both the RSI and the Stochastics are currently flashing overbought. Still, with the MACD increasing positive momentum […]