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USDCNH: Low -level downward movement

Basic face analysis:
The US dollar maintained a shock around 6.82809. The statistics of the payment business of the third quarter of 2022 released by the People's Bank of China today show that my country's payment system is stable, and the number of bank accounts, non -cash payment business volume, and payment system business have maintained their overall growth. Among them, the business volume of the RMB cross -border payment system has maintained an increase.

USD RMB USDCNH — 4 hours K -line diagram display:

Technical analysis:
Look at the 4 -hour chart: The short -term dynamic continuation trend continues to fluctuate downward, the short -term decline has not stopped, the market short emotions are shrouded, the MACD indicators are in a low position in the short area, and the RSI indicators are lingering in the short area;
Multi -time turning point: 6.83300
Suppression: 6.84641, 6.85878
Support: 6.81831, 6.80677
Trading strategy: 6.83300 to see the drop below, target 6.81831, 6.80677
Extracting strategy: 6.83300 to watch the bullish, target 6.84641, 6.85878

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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