USDCNH - Yuan Strength? Not Lovin' It.US Dollar / Chinese YuanCAPITALCOM:USDCNHCherry94Narrative: Fed is more Hawkish vs PBoC (Fed: even some mentions of one hike; PBoC: conditional cuts due to possible infl. pressures, solid hold for a while) Sentiment: Risk-off on Iran war (USD is a top safe haven asset now) Pattern: TR(M) Time: London opening *Chinese authorities wouldn't be interested to keep yuan too elevated for an extended time - it hurts exports. *China is quite exposed to oil imports through the Strait of Hormuz *Seasonals support USDCNH upside