=> Here we have a very interesting playing field ... an unsurprising result with the political mess. => Today we are continuing to overlook the macro and focus on technicals as we have macro updates and expectations coming in our end of year reports. => So lets get started.... => As with the rest of USD pairs this has been corrective since October and anything towards 6.74 should been seen as an opportunity to re-engage in adding upside exposure. => We eventually see potential in this continuing towards 7.00 and a break here will unlock the ladder for 7.10 and give scope up to 7.21. => We recommend buying dips as they will be competitive and don't see room for a pullback much lower than 6.78-6.74. => Best of luck for those in Yuan pairs and those sidelined looking to add dollar exposure.
Nota
We will need a hand from Fed minutes if 6.7333 is to hold for the week
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