This was Recently Oversold: USDCNH Long

USD/CNH OANDA:USDCNH

Currently for a forex pair, I am actually long on the USDCNH . Given its past bull run, the correlations have been mostly bearish likely targeted by panic selling over warranted negative sentiment. That being said, I think it is starting to retest positive. Please keep in mind, everything I say is on an opinion based basis. Please proceed with caution and invest at your own risk. Do your own due diligence.

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Wednesday, August 26, 2020