(VIANEWS) – USD/CNH (USDCNH) has been up by 2.12% for the last 21 sessions. At 17:07 EST on Tuesday, 6 December, USD/CNH (USDCNH) is $6.98.

Analysis of the usd/cnh prices: Further downside to sub-6.9000 seems compelling

USD/CNH is still bearish above 6.8940. The 50% Fibonacci Retracement Level of the pair’s run up from late March through October at 6.8600 will challenge further downside.

USD/CNH’s yearly highs and lows, it’s 0.459% up from its 52-week low and 0.3% down from its 52-week high.

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