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USDCNH is down 0.1% on the day after.....>

CHINA YUAN
CHINA YUAN: USDCNH is down 0.1% on the day after failing to sustain an early
break above 6.78 which has seen the pair retrace to 6.7710. The 21 and 200-dmas
lie just below current levels at 6.7696 and 6.7641, and bears need to break
below here to suggest the downtrend is resuming. 
- The yuan continues to outperform its non-dollar peers though, with EURCNH
edging towards cycle lows seen on Jan 25 and CNHKRW looking to close back above
166.0 to suggest a bull flag breakout following the hold above its 200-dma. 

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