简体中文
ภาษาไทย
繁體中文
Indonesia
USDCNH: low volatility
2023-03-24
878
Fundamental analysis:
USD/RMB remained oscillating around 6.82810. The latest RMB monthly report and data statistics released by the Society for Worldwide Interbank Financial Telecommunication (Swift) showed that in February this year, RMB remained the fifth most active currency in the world in the ranking of global payment currencies based on amount statistics position, accounting for 2.19%. In addition, compared with January 2023, the total amount of RMB payments has increased by 7.52%.
US dollar RMB USDCNH - the 4-hour K-line chart shows:
Brief technical analysis:
Looking at the 4-hour chart: the short-term momentum continues to fluctuate and move downward, and the short-term downward trend may continue. The MACD indicator is in the short-selling area below the 0-axis for consolidation, and the RSI indicator is in the short-selling area to maintain hovering;
Resistance levels: 6.84219 6.85320
Support levels: 6.81808 6.81051
Trading strategy: Bearish below 6.83186, target 6.81808 6.81051
Alternative strategy: Bullish above 6.83186, target 6.84219 6.85320
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.
Free AccessDaily Trading Strategy
Download Now
CM Trade Mobile Application
Economics Calendar
More
