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USDCNY targets 7.1700

USD
  • USDCNY eye 7.17, which look too close not to be tested.
  • A clear break above the latter, opens to 7.1847, the 20419 peak, and highest since February 2008.
  • USDCNH sees a double top at 7.1965, the 2019 and 2020 peaks.

Chart source: MNI/Bloomberg

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