ReutersReuters

USD/CNH clears 7.1000; set to tackle 7.1160 barrier next

  • USD/CNH rallies to 7.1070 from open 7.0931; bullish

  • Enters Bollinger uptrend channel; base at 7.0919

  • Breach of psych barrier opens path to Ichimoku cloud

  • Cloud at 7.1160 may attract some profit-taking

  • China, HK shares down slightly as stimulus effect fades

  • Much more substantial policies to boost demand needed

  • For more click on

Daily Chart
Thomson ReutersCNH

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