USDCNY keeps grinding towards previous intervention levels around 7.37 ...Middle East

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USDCNY keeps grinding towards previous intervention levels around 7.37
source : forex live ( Middle East ) () 27
The USDCNY is approaching the previous max pain level around 7.37 where the PBoC intervened in 2023 so worth keeping that level marked up.The PBoC continuously adjusted the mid-point weaker in recent sessions with yesterday seeing the weakest setting since Nov 2023. This article was written by Arno V Venter at www.forexlive.com.

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