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USDCNH 18 Sep 2023

USDCNH 18 Sep 2023 on the Daily timeframe. The pair is seen still above the kumo cloud on the ichimoku indicator. Still moving sideways between R1 and R2, having touched a highest price at 7.36785 and now occupying a price position of 7.28673. If referring to the stochastic indicator, which looks like there has been saturation due to oversold, it is possible that bullishness will continue. Therefore, go-long can be an option for traders. But if the pair is unable to maintain the trend or there is a factor that influences the trend reversal to occur, then go-short is an option. Stay alert to market changes and trade with your own risk.

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