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Trading Idea - USD/CNH, 19-09-2023
Trading Signal: USDCNH
| Order | Buy |
| Direction | Range Bound |
| Pattern | Trading in upward channel |
| Interval | 1 hour |
| Length (Candles) | 4 |
Idea Summary
The short term USDHKD price forecast is bullish. The USDCNH price is retreating to test the lower bound of bullish trading channel. Most likely the price will reflect off the lower bound while there is a likelihood it may continue to fall and breach below the Fibonacci 23.6 level and the support.
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