This is not a short term trade , in fact it should be a mid to longer term investment instead !
I believe the chinese yuan, RMB will continue to strengthen against the USD in the mid to longer term. Short term, we may find some sideway movements before it eventually breaks down from the 7.11 price level.
The target is 6.825. Please don't expect it to be a linear movement , there will be ups and down before it gets there.
As usual, please DYODD
I believe the chinese yuan, RMB will continue to strengthen against the USD in the mid to longer term. Short term, we may find some sideway movements before it eventually breaks down from the 7.11 price level.
The target is 6.825. Please don't expect it to be a linear movement , there will be ups and down before it gets there.
As usual, please DYODD
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.