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Economists at Société Générale analyze USD/CNH technical outlook.
USD/CNH has experienced a relentless uptrend after breakout from a range-bound consolidation last month. It has reached the potential resistance of 7.25/7.26 representing the peak of November 2022 which is also the upper limit of a steep ascending channel. Daily MACD has turned flat; this is not a reversal signal however a pause is not ruled out.
The 20-DMA near 7.16 should be a potential support. Only if the pair fails to defend it, there could be risk of a short-term downtrend.
風險提示：本文所述僅代表作者個人觀點，不代表 Followme 的官方立場。Followme 不對內容的準確性、完整性或可靠性作出任何保證，對於基於該內容所採取的任何行為，不承擔任何責任，除非另有書面明確說明。
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