USD/CNH has seen a decent rally starting April, the spot tested and broke above 6.90 to breach the 7.0 area, a 30BF move followed to test levels not seen since November
June saw the pair post a 2.09% monthly gain following a rise of 2.77%, April and May tend to favour USD/CNH upside
Trend exhaustion is looking more likely as the spot fails to break above 7.30, a doji was seen in the daily on June close. The RSI has been above 70 for some time, it is now closer to 60
The 7.20 area might offer some support in the short-term, if this fails, 7.1770 comes next
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