The US Dollar surged against the rest of the financial markets on Monday. The reason was the fact that North Korea announced that it will stop its nuclear program.
The USD/CNH pair is no exception to the rule. This event quickly crashed the expectations of a decline of the Buck against the Chinese currency.
However, Dukascopy analysts noticed something important on the daily chart of the currency pair. Namely, note the newly added blue colored pattern, which represents the pairs surge in the borders of the pattern, which maps the rates decline since February.
