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The five-year LPR is lowered, and the mortgage interest rate is expected to continue to fall

2022-05-23
988
Fundamental analysis:

The US dollar fluctuated around 6.70894 against the RMB. The national interbank lending center authorized by the people's Bank of China announced that the quoted interest rate (LPR) of the loan market on May 20, 2022 was: 1-year LPR was 3.7%, and more than 5-year LPR was 4.45%. The above LPR is valid before the next LPR release.


USD and RMB usdcnh - 4-hour K-line diagram shows:




Technical comments: the short power continues to fluctuate and fall in the lower rail section of the brin belt index channel, and the low level rises briefly after reaching the node near 6.67024. The downward trend of the market short may continue. The brin belt index moves slowly downward, the MACD index is below the 0 axis, the short area remains low, and the RSI index is in the short area;


Long short turning point: 6.72315


Pressing position: 6.75143, 6.78034


Support position: 6.68575, 6.65929


Trading strategy: bearish below 6.72315, target 6.68575, 6.65929


Alternative strategy: bullish above 6.72315, target 6.75143, 6.78034


The above analysis is a personal point of view and is for reference only.

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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