Skip to Content
News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.



Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
More View More
USD/CNH Technical Analysis: Pair Could Test 6.6500 Next

USD/CNH Technical Analysis: Pair Could Test 6.6500 Next

Oded Shimoni, Junior Currency Analyst

Talking Points:

- USD/CNH broke below the 6.7 handle and short term support at 6.6860

-The failure to hole above might put focus on possible support at 6.6500

- A hold above 6.6500 could signal that the bulls are still in control

Find REAL TIME traders positioning with DailyFX’s SSI Indicator Here

The US Dollar is trading lower versus the Chinese Yuan in offshore trade as the pair broke below key support levels at the 6.7 handle and 6.6860.

As we mentioned in the prior report, price failing to hold above 6.7 and 6.6860 might put the focus on the 6.6500 level which could potentially act as support again.

A hold above the level appears crucial from a technical perspective in order to see that the bulls are still in control. A break below the level may imply that the 6.6 handle could be tested.

A move higher seems likely to have eyes at the 6.7 handle for possible resistance.

USD/CNH Daily Chart: July 21, 2016

--- Written by Oded Shimoni, Junior Currency Analyst for

To contact Oded Shimoni, e-mail

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.