USDCNH: Upside is good

Fundamental analysis:

Bank of China news, Bank of China focused on supporting financing of infrastructure fund investment projects and carried out a series of solid work, coordinated and promoted project docking, efficiently established a green channel for credit review, and accelerated the formation of physical workload for projects. Up to now, BOC has completed the approval of supporting financing of infrastructure fund investment projects of more than 250 billion yuan, and realized supporting financing of nearly 7.5 billion yuan, involving 17 provinces and cities, covering highways, railways, airports, water conservancy, industrial parks, wind power photovoltaic and other fields .

USDCNH daily chart:

A brief technical analysis:

From the daily chart: the short-term exchange rate has fallen and sorted out, the MACD is running on the 0-axis and the volume can continue to increase slightly, and the RSI will continue to rise.

Long-short turning point: 6.8225

Resistance: 6.9225 7.0225

Support level: 6.7000 6.5750

Trading strategy: above 6.8225, bullish, target price at 6.9225, 7.0225

Alternative strategy: below 6.8225, bearish, target price is 6.7000, 6.5750