RMB market is still attractive, USD and RMB are poised for consolidation

Fundamental analysis:

Peripheral turmoil does not change the investment value of the Chinese market. Affected by factors such as geopolitical conflicts and the higher-than-expected inflation rate announced by the United States, the stock and bond markets of major countries and regions in the world have collectively plummeted in recent days. Some people worry that China's capital market will be impacted, and the pace of foreign investment will slow down. In fact, the external disturbance has not changed the investment value of the Chinese market. There are various indications that fluctuations in the external market have not affected the footsteps of overseas investors to China.

USDCNH daily chart:

Technical analysis: The daily moving average is glued and has no direction. After the exchange rate rises, the exchange rate is adjusted within a narrow range. The MACD runs on the 0 axis and the volume can continue to increase slightly. The RSI is slightly stronger.

Long-short turning point: 6.6416

Resistance: 6.7600 6.8870

Support level: 6.5385 6.4260

Trading Strategy: Above 6.6416, bullish with a price target of 6.7600, then 6.8870.

Alternative strategy: Below 6.6416, bearish with a price target of 6.5385, then 6.4260.

The above analysis is a personal opinion and is for reference only.