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EURCNH continues to push higher..........>

CHINA YUAN
CHINA YUAN: EURCNH continues to push higher trading at 7.9490 and approaching
the August 2017 peak of 8.0010. After yesterday's bullish break the pair has
regained upside momentum and a break of the August 2017 would leave very little
resistance all the way to 8.7000.
-CNHJPY is testing its July 3 high at 6.0730 following yesterday's break of the
bull flag. A close above this level would confirm a double bottom formation from
the Feb and May lows, targeting a move all the way up to 6.5000. The ongoing
collapse in Chinese rate expectations suggests such a move has fundamental
support. 
- CNHKRW has fallen to a fresh 6-month low today and trades at 166.58 currently.
Both currencies continue to show a close correlation with each other albeit with
the CNH's weakness more intense over recent days. The next level of support
comes in at 165.00, which marks the uptrend support line from the March 2017
lows. 

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