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January 6, 2025

USD/CNH Analysis: Resistance Emerges Near 7.3600

The USD/CNH pair has seen its five-day winning streak come to a halt, currently trading around 7.3570 during the Asian trading hours. An examination of the daily chart reveals a decrease in price movement within the context of a rising wedge pattern, signaling a pause in the bullish trend. Market traders should monitor this pair closely as a breakthrough continues to look uncertain. Understanding resistance levels can provide valuable insight into possible future movements. As key data releases approach, staying informed is critical for trading strategies.

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