USDCNH Short Target 6.7200

The appreciation of Chinese Yuan against the US Dollars on the 3rd of January to 5th is a strong signal of a longer term strength of the CNH. The Yuan has been in a consolidation state since then, and is now trading near the upper band of the range.

Short the pair using a market order with a stop-loss of 6.8866 with a Profit Target of 6.7200.