Fri. Apr 25th, 2025

A bullish opportunity might be in the works for the us dollar against the Chinese Yuan.

A nice 2 year base with a break line around the 6.2750 area. Check out the monthly candle chart (only 2 years of data).

usdcnh_m

The weekly candle chart shows the approaching test of that important resistance.

usdcnh_w

Here is the daily candle chart (1 year) for more fine detail.

usdcnh_d

 

The arrow would be the measured move after a convincing close above the breakout line. Just set the alert now and come back to this for revaluation when it sets off!