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USDCHH SHORT

Short
OANDA:USDCNH   USD/CNH
Possible downward movement of the pair. The price is currently in a trading zone with significant volume maintaining rejections from the top of the price and making resistance possible at the 55 period Ema, which is fundamental in my strategy for the analysis of possible trend continuations, as seen in the past, falling after the rbeote to the EMA. We see a change in directionality to bearish in indicators such as the Squeezy Momentum and MACD histogram accompanied by possible selling patterns shortly in the MACD lines and the possible loss of strength of the previous rebound to the MEA, indicated by the ADX. The move could be accompanied by the negative sloping RSI. I think it could continue its trend or look for areas below previous lows.

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