Sideways movement predicted for USDCNH till the end of 2017. Nothing to see here, move on to another pair.
Fundamentals
-CNY fixing
(Higher swaps -> lesser short interest)
(Authority looking to keep yuan stable. Volatile Yuan -> Bad for economy)
-Fed Rate Decision
(Yuan least affected by fed decision -> see capital flows for direction of currency)
-Balance...
Fundamentals
-Chinese purge of risky assets
-risk taking
-emerging markets uptrend
-housing bubble does not affect short term
Technicals
-Triangle
Pros
-Least affected by Fed decisions
Cons
-Rebalancing of USDHKD may result in unwanted spillover to Renminbi
-Donald Trump
