Large infrastructure projects respond to the economic downturn, and the US dollar and RMB quickly rise

Fundamental analysis:

The increasing downward pressure on the economy shows that infrastructure construction is becoming more and more important to support steady economic growth. With the continuous attention and deployment of infrastructure investment in the recent top-level meeting, the space and capital source of infrastructure investment in the second half of the year have been gradually clarified. Experts said that at present, China's infrastructure projects have sufficient reserves and are supported at the policy level. From the perspective of capital, there are broad capital channels for infrastructure investment. The financial funds dominated by special bonds will continue to form a physical workload in the second half of the year, the monetary policy will provide supporting medium and long-term funds, and REITs (real estate investment trust fund), PPP (cooperation between government and social capital) and other means can further broaden the source of funds. Infrastructure investment has the ability to maintain momentum and provide key support for steady growth

Usdcnh # daily chart:

Technical analysis: the daily moving average is arranged at multiple ends, and the exchange rate rises rapidly. MACD runs on the 0 axis and the volume can be increased slightly. RSI rises, and it is expected that the short-term exchange rate will rise further.

Long short 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, and 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.