Take positive actions or curb inflation, and the US dollar and RMB rose rapidly

Fundamental analysis:

Surging inflation will dissipate when the Fed takes more aggressive action or the market sell-off turns into a complete collapse. Ackman attributed the market adjustment in 2022 to investors' lack of confidence in the Fed's ability to suppress 40 year high inflation. Ackman pointed out that "if the Fed does not perform its duties, the market will perform its duties on its behalf." At present, investors will cheer for the fed to raise interest rates faster. "Once investors are convinced that the day of runaway inflation is over, the market will soar. I hope the Fed can make the right decision."

Usdcnh # daily chart:

Technical analysis: the daily moving average is arranged at many ends, but the line is weak. The exchange rate rises rapidly. MACD runs on the 0 axis and the volume can shrink slightly. After the RSI weakens, it starts to rise. It is expected that the short-term exchange rate will rise further.

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.