The currency pair is trading in a range from a few days. We will trade once a breakout is seen on either side. WE are expecting a breakout on the upside. The Currency pair is trading at the lower level. As per volume studies, it is indicating accumulation.

The RSI is trading at 46. Once it is above 50, we can expect the RSI breakout which will give us a proper confirmation of a breakout.

The MACD is indicating a positive move and the crossover is seen below 0 which in itself is a good sign, 

once the MACD crosses above 0 we will be more confident about the upside.

Advice : Buy if the breakout is on the upside.

USD/CNH

Nov 23 2021