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USD/CNH sees positive signals

Friday, February 27, 2015 4:07 AM UTC

+50 pts in Asia after a broad USD/CNY fix plus month end flow
Opened 90pts higher with the stronger USD offshore
5, 10 & 20 dma's rise - momentum studies conflict - meek positive bias
Failure this week above 6.2600 leaves another higher low in 2015
Initial support/resistance are earlier 6.2775 low & February 6.2856 high

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USD/CNH sees positive signals

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