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USDCNH extended the downtrend through....>

CHINA YUAN
CHINA YUAN: USDCNH extended the downtrend through Cnh6.80 for the first time
since August, touching pullback lows of Cnh6.7851. We highlighted in an analysis
email yesterday that USDCNH had broken pivotal support at Cnh6.8321, suggesting
the downtrend looked set to continue (USDCNH Breaks Pivotal Support 1210GMT).
The Aug 27 low at Cnh6.7817 provides the next layer of support, a break opens
the 200-dma  & 38.2% retracement level at Cnh6.7174/6.6961. USDCNH last
Cnh6.7903.   

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