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USD/CNH sees light volumes, but positive signals

Wednesday, February 18, 2015 3:54 AM UTC

+50pts in Asia - opened +100pts, as rebound extends towards 6.2900
Pair's rebound leaves momentum studies, 5, 10 & 20 dma's moving higher
Positive setup - targets 6.2898 2015, then 6.3495 50% 2011/14 fall
Initial support/resistance are earlier 6.2764 low & London 6.2856 high

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USD/CNH sees light volumes, but positive signals

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