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USDCNH: Technicals Suggest A Devaluation Is Not Off Of The Cards

Discussion in 'Technical Analysis' started by Kaitlin, Apr 7, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    As the year progresses we should get to see if the hedge funds were ultimately right to bet against the Public Bank of China (PBoC) and call them out on a devaluation. Technically it looks feasible but politics and central banks will ultimately drive this.[​IMG]

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