USD/CNH has dropped for 11 days in a row
In 2010 it fell for 13 days in a row
If you are just waking up you'll notice the USD has had a strong surge overnight, the good data cited (GDP for Q2 revised substantially higher, for example
) ... so how about it USD/CNH, is it your turn today? Even if its just a bit of a short cover rally?
A potential catalyst is the PMI data due at 0100:
ps. A look at the overnight chart shows at least something ... here's the hourly for example
ps. The 'oh its fallen a long way its due for a bounce' is an example of the KISS method ... keep it simple stupid! Emphasis on the stupid, I guess.
But, it just might work :-D
Comments welcome!
