USDCNH: Shock and pull up

The U.S. dollar against the renminbi remained oscillating around 6.76117. The State-owned Assets Supervision and Administration Commission recently issued a notice to make arrangements for state-owned central enterprises to resolutely win the battle of energy supply security, resolutely hold the bottom line of energy supply security, and better coordinate development and security. The State-owned Assets Supervision and Administration Commission proposed that all relevant central enterprises should further refine the measures for ensuring energy supply, make precise efforts, and pay close attention to implementation.

US dollar RMB USDCNH - the 4-hour K-line chart shows:

Looking at the 4-hour chart: The low-level bullish momentum maintains a shock and pulls up, the short-term bullish sentiment is shrouded, the market bullish momentum is constantly oscillating and moving upwards, the MACD indicator is weakly finishing below the 0 axis, and the RSI indicator is hovering near the 50 balance line;

Long-short turning point: 6.75851

Suppression: 6.76713, 6.77450

Support: 6.75097, 6.74324

Trading strategy: Bullish above 6.75851, target 6.76713, 6.77450

Alternative strategy: bearish below 6.75851, target 6.75097, 6.74324