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Risk-off flow emerged overnight after....>

CHINA YUAN
CHINA YUAN: Risk-off flow emerged overnight after Chinese state media circulated
reports that Beijing may not be interested in resuming trade talks with the U.S.
USDCNH spiked through Cnh6.94 to Cnh6.9450, its highest levels since Nov 30
2018. Expect resistance through Cng6.9560/00 which registered a series of
previous highs in Nov 2018, above here opens the Nov 1 2018 high at Cnh6.9805.
Last Cnh6.9395. 
- USDCNH is generating extreme overbought conditions on technical studies from
RSI, MACD, Stochastics & the upper boundary of the 2% Bollinger band which could
suggest a short-term reversal.  

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