USDCNH pair

The Chinese currency is increasingly gaining ground on global markets, and this phenomenon has not bypassed Forex trading.

Gradually, the Chinese yuan began to appear in traders' terminals.

USDCNH is the main currency pair you can use to trade the Chinese currency. It's currently the most liquid trading instrument involving the yuan.

What makes this type of trading so appealing?

• Outlook - China is the second largest economy in the world, meaning its currency is growing in popularity.

• Different time zones - news on the US dollar is released in the evening and at night Moscow time, and on the yuan at night and in the morning. This allows fundamental analysis to track news releases for only one currency.

• High volatility - on some days the rate manages to move more than 400 points, and this is with a four-digit quote.

•    Forex trend - most often has a clearly defined direction, which naturally facilitates trading and saves the trader's nerves.

The USDCNH pair is a fairly new instrument and therefore not all brokers have it, but it is definitely in their arsenal broker AlpariWhile the average spread for USDCNH typically ranges from 5 to 10 pips, at Alpari it ranges from 2 to 5.

Thanks to the dynamic trend to return the paid spread Quite quickly, the pair is a universal instrument and is suitable for trading by traders of almost any skill level.