It is still possible to reduce the reserve requirement and interest rate, and the dollar and RMB continue to rise

Fundamental analysis:

In the second half of the year, the steady monetary policy will continue to be implemented more vigorously, and it is still possible to reduce reserve requirements and interest rates; Experts said that under the influence of controllable inflation pressure, the spillover effect of the Fed's interest rate hike cycle has passed its peak and other factors, the prudent monetary policy will continue to strengthen its implementation in the second half of the year. There is enough room for regulation and control, and it is still possible to reduce reserve requirements and interest rates. There are plans for incremental tools to deal with uncertain risks, which will create a good monetary and financial environment for stabilizing the economy and helping enterprises to bail out, and keep the economy running within a reasonable range.

Usdcnh daily chart:

Brief analysis on technical aspects: the daily chart average is short, but the average turns sharply. The exchange rate continues to rise. MACD operates on the 0 axis and the volume can continue to increase slightly. RSI is slightly stronger. It is expected that the short-term exchange rate will rise further.

Multi empty turning point: 6.6416

Resistance level: 6.7600 6.8870

Support position: 6.5385 6.4260

Trading strategy: above 6.6416, bullish, the target price is 6.7600, then 6.8870.

Alternative strategy: under 6.6416, bearish, the target price is 6.5385, and then 6.4260.

The above analysis is a personal point of view and is for reference only.