USD/CNH Could Be On Its Last Momentum

Price has moved above the previous high and it looks like price will continue to move higher. However, MACD is not following price in making new high and Stochastic is also not making higher higher. Momentum indicators are showing price could be on its last leg of the rally. There is a high chance price will fall short of its 7.0130 target.

Price has also come a long way the breakout and low at 6.8455 when we starting making the call for USD/CNH breakout. The upside could be limited for now. If long, keep trailing stop close by or take profit on weakness.

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