If so, means the money flow from China to Taiwan.
clues:
The CNYTWD lower than the lowest of 2008 financial crisis.The trend of monthly is down and pullback to the resistance.
It might become a false break up than go down continuously.
Anybody agree or disagree my prediction?Please comment and feedback.Thanks.
This pair is significantly manipulated (as stated by the US Department of Treasury), lacks volume, and therefore lacks volatility. Will likely move sideways for some time to come.
What is a meaningful relationship between the currencies of two very interlinked and substitute export-led economies appears to have broken down - at least directionally in this case.
I think they reconverge, so my bias here is long USDTWD... So now I shall look for an entry.