USD/CNY Trading Analysis (11/06/2025)
The trend is down. The pair is trading between the 365- and 135-EMA. The descending truncated wave structure ended with the breach of the sloping channel. There is bearish divergence on the Awesome Oscillator, and the Stochastic Oscillator's moving averages are bearish as well.
Trade idea:
- Buy at the breach of 7.1810.
- Stop-loss at 7.1938.
- Price targets are 7.1700 and 7.1620.
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