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RMB: wide arrangement
2022-07-06
1137
Fundamental analysis:
The USD / RMB remained volatile around 6.70769, and Liu He, the Chinese leader of the China US comprehensive economic dialogue, held a video call with US Treasury Secretary Yellen at request. The two sides had a pragmatic and frank exchange of views on topics such as the macroeconomic situation and the stability of the global industrial chain supply chain. The exchanges were constructive.
USD and RMB usdcnh - 4-hour K-line diagram shows:
Technical analysis:
According to the 4-hour chart, it has maintained a wide range of vibration and translation in the Bollinger belt channel for a long time, during which it has repeatedly spied the nodes of the upper and lower rail sections, the Bollinger belt index is weak, the MACD index is weak around the 0 axis, and the RSI index is 50 balanced, and the online side is narrow;
Long short turning point: 6.70322
Pressing position: 6.71807, 6.72948
Support position: 6.69147, 6.68100
Trading strategy: bullish above 6.70322, target 6.71807, 6.72948
Alternative strategy: bearish below 6.70322, target 6.69147, 6.68100
The above information is provided by special analysts and is for reference only. CM Trade does not guarantee the accuracy, timeliness and completeness of the information content, so you should not place too much reliance on the information provided. CM Trade is not a company that provides financial advice, and only provides services of the nature of execution of orders. Readers are advised to seek relevant investment advice on their own. Please see our full disclaimer.
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