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USD/CNH halts ahead of support below 6.1900

Monday, March 23, 2015 3:29 AM UTC

Pair dropped to a fresh 6.1940 low, but profit taking kicked in soon
6 days of lower highs & lows leaves 5, 10 & 22 dma's moving downwards
Momentum studies are neutral, suggest bearish setup - weekly 5 & 10 ma's crest
Key support at 6.1840/90 - 61.8% of Oct/Mar rise & 2015 low
Initial support/resistance seen at earlier 6.1940 low & 6.2197 falling 5dma

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USD/CNH halts ahead of support below 6.1900

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