简体中文
ภาษาไทย
繁體中文
Indonesia
USDCNH: Shock and rise
2023-06-20
757
Fundamental analysis:
USD/RMB remained volatile around 7.16222. The RMB counter applied by Alibaba Group officially came into effect today. The company will have counters denominated in Hong Kong dollars and RMB, becoming the first batch of securities designated by the Hong Kong Stock Exchange for the "Hong Kong dollar-RMB dual counter model" one.
US dollar RMB USDCNH - the 4-hour K-line chart shows:
Brief technical analysis:
Looking at the 4-hour chart: the bullish momentum remains volatile and rising, the short-term bullish sentiment continues, the bulls in the market are constantly pulling up, the MACD indicator is hovering above the 0 axis, and the RSI indicator is in a weak order above the 50 balance line;
Resistance levels: 7.17004 7.17771
Support levels: 7.15052 7.14308
Trading strategy: Bullish above 7.15819, target 7.17004 7.17771
Alternative strategy: bearish below 7.15819, target 7.15052 7.14308
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
