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USDCNH Rises To Record High Amid Broad Greenback Strength

EM FX
  • USDCNH extending today’s rally and breaching the September highs above 7.2674 in recent trade. Levels of note on the topside include:
    • 7.2851 - 0.764 projection of Sep 12 - Sep 28 - Oct 5 price swing
    • 7.3000 - Round number resistance
    • 7.3693 - 1.00 projection of Sep 12 - Sep 28 - Oct 5 price swing

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