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The Currency Charts That Matter

Discussion in 'Technical Analysis' started by FXStreet_Team, Mar 16, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Yuan - end of therecent strength The test of the 61.8%retracement from the up move into the end of last year has been a longtime coming, the level held and has seen a two day bounce. Any longs at the Fibretracement should have stops placed below 6.4591 and be targeting a move back,firstly, to 50% then swing high at 6.5585 and 38.2% at 6.584. The PBOC arerumoured to be working on a currency trading tax to prevent speculation whichis alleged to be the cause of the spikes

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