Chart Of The Day: USD/CNH

One of the pairs that we watch when trading is the . And with USD/CNH moving to new highs on the year and to the highest levels since December 2020, maybe this is an indication of further gains of USD/JPY beyond 110.00.

However, you want to use the USD/CNH from a correlation standpoint is up to you. However, this move higher was well telegraphed in January, when new lows in price had a divergent daily RSI. To me, it seems a move back towards the 200-day moving average in the coming weeks seems likely. 

USD/CNH Daily Chart.
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