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RMB: medium rail transit concussion upward

2022-06-30
1376
Fundamental analysis:

The USD / RMB remained volatile around 6.70528, and the China Council for the promotion of international trade held a press conference. In the first five months of this year, the total amount of RCEP certificates of origin issued by the China Council for the promotion of international trade reached US $2.082 billion, and more than 10000 enterprises handled certificates.


USD and RMB usdcnh - 4-hour K-line chart display:



Technical analysis:


According to the 4-hour chart, the Bull Power maintained the oscillation and moved up to the upper rail section of the Bollinger belt index channel to vibrate in a narrow range. The Bollinger belt index began to open slowly after closing. The MACD index hovered around the 0 axis, and the RSI index was arranged in a narrow range near the 50 equilibrium line;


Multi empty turning point: 6.69547


Pressing position: 6.71347, 6.72458


Support position: 6.68431, 6.67285


Trading strategy: bullish above 6.69547, target 6.71347, 6.72458


Alternative strategy: bearish below 6.69547, target 6.68431, 6.67285

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.

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