| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Sell | Sell | Sell |
| RSI (14) | Neutral | Neutral | Buy |
| Stochastic (5; 3) | Sell | Sell | Buy |
| Alligator (13; 8; 5) | Sell | Sell | Sell |
| SAR (0.02; 0.2) | Buy | Sell | Sell |
| Aggregate | ⇘ | ⇓ | ⇒ |
USD/CNH is trading in two descending channels which have guided its movement during the past three weeks. The rate was moving along the bottom boundaries of both patterns prior to reversing from the senior one circa 6.2580 and forming a new channel up.
The Greenback's movement during the past two weeks has been bounded in a short-term channel down whose upper boundary coincides with one of the previously-mentioned medium-term patterns. The base scenario favours a soon breakout north towards the most senior channel circa 6.36 during this week. In order to fulfill this scenario, the rate has to overcome a significant resistance of the 200– and 55-hour SMAs and the weekly PP near the 6.31 mark.
In case the bearish sentiment prevails, the US Dollar should be guided towards the monthly S1 near 6.20 during the following trading sessions.