Trendline break, possible counter rally

٤ فبراير ٢٠١٨

USDCNH broke its bearish trendline on the 4hr and is very much oversold from the end of the summer until now. the PRC has been accused on tampering with the value of their currency and will want to keep their monetary system cheap and competitive. for offshore RMB to devalue, we have to see a bull run on this pair since CNH is the base