USDCHN Could Fly to 6.5000 or 6.8000 by 2023

Global View:

"U.S. and Chinese Bond Yields Converge, Reversing a Decadelong Pattern: China’s formerly large yield advantage has disappeared" (WSJ: wsj.com/articles/u-s-and-chinese-bond-yields-converge-reversing-a-decadelong-pattern-11649843175?mod=rss_markets_main )

"Capital outflows from China are expected to continue in coming weeks after an exodus of foreign funds from Chinese sovereign bonds in March, experts said, as the country’s yield advantage over US Treasuries disappeared for the first time since 2010." (SCMP: scmp.com/economy/china-economy/article/3173996/chinese-debt-sell-likely-continue-yield-advantage-over-us )

tradingeconomics.com/china/currency

Technicals:
C&H or IHS with Volume Confirmation

Projection:
6.5000, 6.6500 and 6.8000