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USDCNH is flying up to key resistance could mean Govt interventions coming or are they going to let it go through 70000? 

Weekly chart;

USD_CNH_20190517_06_30.thumb.png.67aaf7254797a0935b84ca218e4fb368.png

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the stock market in China sure has some great trend days ( if only I were awake to take advantage ! )

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Sources: PBOC will not let the Yuan weaken past 7.00 per Dollar - Reuters

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resistance zone reached

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They said they would act so they will have to do something but what and when. Most of China's debt is in USD so it's getting more expensive and also a history of capital flight when the Yuan weakens to these levels.

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On ‎17‎/‎05‎/‎2019 at 10:58, elle said:

resistance zone reached

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currently  , a closer look. A significant level 

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On ‎20‎/‎05‎/‎2019 at 06:45, elle said:

currently  , a closer look. A significant level 

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so far, seems so

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Chinese officials issue a warning over the weekend to anyone tempted to short the Yuan;

YUAN TALKS @YuanTalks

Guo Shuqing, chairman of the banking and insurance regulator: Short-term fluctuation of the #yuan is normal; those betting agst the yuan will suffer heavy losses.

(We posted this during the weekend. CCTV is broadcasting it again so we give you a heads-up)

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On ‎17‎/‎05‎/‎2019 at 10:58, elle said:

resistance zone reached

Capture cnh.PNG

Tap, tap, break ?    

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Peeps must be wondering what the Govt has up it's sleeve, they promised to wheel out the big guns if anyone dared to short the Yuan. see pic.

China1.thumb.PNG.41a0d3846b3658a74a0f2412ce4a8f85.PNG

 

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