FX.co ★ USD/CNY analysis for September 06, 2022 - Breakout of the symmetrical triangle

Technical analysis:

USD/CNY has been trading upside as I expected. The momentum is very strong to the upside and I see no sign for the reversal. There is potential for the test of the main objective.

Trading recommendation:

Due to the strong upside momentum and no signs for the reversal, I see potential higher prices.

Watch for the buying opportunities on the intraday dips with the upside objective at the price of 7.080.

MACD oscillator is showing fresh upside momentum, which is another sign for the strong bull run.

Key short-term support is set at the price of 6.890