USD/CNH Technical Analysis: 4H 200MA is again capping gains

USD/CNH's bounce from 6.6699 hit on March 20 has neutralized the immediate bearish setup up. A bullish reversal would be confirmed only above the 4-hour 200-candle moving average (MA), currently at 6.7306.

The average, however, is proving a tough nut to crack at press time, having served as a strong resistance at least four times since mid-December.

As of writing, the pair is trading at 6.7188, having faced rejection at the 4-hour 200-candle MA earlier today.

4-hour chart

Trend: Bullish above 4H 200MA

Mar 25, 2019

UK: On the third vote, Brexit will be? – Westpac

According to Tim Riddell, macro strategist at Westpac, the only Brexit certainty is continued uncertainty and with only a week before the Article 50 e

BOJ’s Kuroda: Gradual yield rise will see BOJ shift to longer JGBs instead

The Bank of Japan (BOJ) Governor H. Kuroda is on the wires now, via Reuters, making some comments on the central bank's future monetary policy plans.