Forex – Chart USD/CNY [CN] Update: Corrective upmove faltering

Published at 01:32 (GMT) 17 Jan 18 Jan USD/CNH Daily 01::33 GMT – Prices are turning down from this week’s high of 6.1972 and eyeing the stronger support at 6.1743 and bears seek a decisive move below latter to regain control and resume the broader down-leg from 6.2349 high. [W.T] R5: 6.2079 9 Jan high R4: 6.2050 10 Jan high R3: 6.2020 2 Jan 2013 low R2: 6.1972 * 16 Jan 2013 high R1: 6.1916 17 Jan 2013 high S1: 6.1775 14 Jan low S2: 6.1743 * 11 Jan 2013 low S3: 6.1720 swing target S4: 6.1700 *

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