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USDCNH 14 Jul 2023

USDCNH 14 Jul 2023 on the weekly timeframe. After experiencing a long bullish trend, pair ii is now bullish. It fell from 7.27014 to 7.13479. Although it is still between 61.8 and 100.0 Fibo levels, but if you refer to the stochastic indicator, it seems that there has been a drop due to overbought. Therefore, go-short can be an option for traders. Until a possible trend reversal is indicated, the go-short position remains the best option at this time. Stay alert to market movements and pay attention to factors that affect market changes.

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