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USDCNH touched as high at 6.9390 as......>

CHINA YUAN
CHINA YUAN: USDCNH touched as high at 6.9390 as the dollar recovered losses
against the majors, but has since dropped back to 6.9260.
- Cross currency correlations surging amid US midterm result releases, with the
dollar closely tracking US yields. 
- An inverse head-and-shoulders pattern has been triggered, targeting a move
above 7.0 and a close today above 6.93 would be a positive signal, but it is
early days and volatility is picking up. 

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