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Fresh Year To Date High

CNH

USD/CNH printed a fresh year to date high on Wednesday as broader greenback trends dominate flows before marginally paring gains in the NY session.

  • The pair last prints at 7.2440/60, and was ~0.3% firmer yesterday.
  • Bulls target the high from 28 June at 7.2692 a break through here opens high from Oct 25 at 7.3749. Bears first look to break the 20-Day EMA (7.1718).
  • In the equity space CSI300 fell ~0.1% and the Golden Dragon fell 1%.
  • The domestic data calendar is empty today.

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