Fundamental analysis:
The USD / RMB remained volatile around 6.69155, and vice premier Liu he held a video call with finance minister Yellen at request. The two sides believe that the current world economy is facing severe challenges, and it is of great significance to strengthen the communication and coordination of macro policies between China and the United States, and jointly maintain the stability of the global industrial chain supply chain, which is beneficial to China, the United States and the whole world.
USD and RMB usdcnh - 4-hour K-line diagram shows:
Technical analysis:
According to the 4-hour chart, it remained in the broad vibration in the brin zone index channel for a long time, during which it repeatedly spied the nodes of the upper and lower rail sections, the brin zone index continued to shift, the MACD index was in the weak hovering near the 0 axis, and the RSI index was in the shock downward below the 50 equilibrium line;
Long short turning point: 6.69753
Pressing position: 6.70891, 6.71994
Support position: 6.68097, 6.67166
Trading strategy: bearish below 6.69753, target 6.68097, 6.67166
Alternative strategy: bullish above 6.69753, target 6.70891, 6.71994