The increase of domestic PPI is significantly lower than the international level, becoming the "stabilizer of global inflation"

Fundamental analysis:

The USD / RMB remained volatile around 6.72348, and the ex factory prices (PPI) of industrial producers in major international economies remained high; The effect of ensuring supply and price stability in China continued to show, and the increase of PPI fell for six consecutive months, which was significantly lower than that of other major economies. China has resolutely curbed the spread of the epidemic, contributed "positive energy" to the stability of the global industrial chain and supply chain, and become an important "stabilizer" of global inflation.

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

Technical comments: the high short power continued to fluctuate downward in the middle and lower rail section of the brin belt index channel, and began to sort out after the low power reached the node near 6.71482. The short-term short power continued to move downward. The brin belt index showed signs that the short power continued to move downward, the MACD index was below the 0 axis, the short area maintained weak consolidation, and the RSI index was below the 50 equilibrium line;

Long short turning point: 6.73256

Pressing position: 6.76244, 6.79419

Support position: 6.69614, 6.67372

Trading strategy: bearish below 6.73256, target 6.69614, 6.67372

Alternative strategy: bullish above 6.73256, targets 6.76244 and 6.79419

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