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The steady economic policy made concerted efforts, and the US dollar and RMB fell slightly
2022-05-24
856
Fundamental analysis:
Li Keqiang chaired an executive meeting of the State Council to further deploy a package of measures to stabilize the economy, strive to promote the economy back to the normal track and ensure that it operates within a reasonable range.
Usdcnh # daily chart:
Technical analysis: the daily moving average is arranged at many ends, but the line is weak, the exchange rate continues to fall, MACD runs on the 0 axis and the volume can shrink slightly, RSI weakens, and it is expected that the short-term exchange rate probability will further decline.
Long short turning point: 6.6416
Resistance level: 6.7600 to 6.8870
Support position: 6.5385 to 6.4260
Trading strategy: above 6.6416, bullish, the target price is 6.7600, and then 6.8870.
Alternative strategy: under 6.6416, bearish, the target price is 6.5385, and then 6.4260.
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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