| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Buy | Buy | Buy |
| RSI (14) | Neutral | Sell | Sell |
| Stochastic (5; 3) | Neutral | Sell | Sell |
| Alligator (13; 8; 5) | Buy | Buy | Buy |
| SAR (0.02; 0.2) | Sell | Buy | Buy |
| Aggregate | ⇒ | ⇒ | ⇒ |
The US Dollar has been appreciating gradually against the Chinese Yuan for three months now. This allowed the pair to reach a new 2017/2018 high at 0.9550 on Wednesday.
The Greenback being unable to approach the upper channel line suggests that the previous bullish momentum could be weakening. This in turn should result in a breakout from the senior pattern and the 200-hour SMA near 6.87.
Technical indicators on the 4H and 1D time-frames support this bearish scenario. The nearest target is the monthly PP at 6.7550. However, this decline is likely to be more significant given that the price is currently located near its highest point since the very beginning of 2017.