MaxPatWellVI

Short USDCNH (Re-test)

FX:USDCNH   U.S. Dollar/Chinese Yuan
As the USD/CNH inches towards 7, and the yuan hits a 22 month low, I believe we will see a major correction triggered by the upcoming US Reporting this Friday.

Please remember the yuan does not float and the country has complete control of the re/de-valuation of its own currency. China has been known to manipulate their currency in either direction when the yuan's strength is hindering economic development and purchasing power.

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