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RMB: sorting up

2022-06-28
1356
Fundamental analysis:

The USD / RMB remained volatile around 6.69555. The national development and Reform Commission: further innovate the ideas and methods of macro-control to promote stable, healthy and sustainable economic development;


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



Technical analysis:


According to the 4-hour chart, it has been kept in a wide range in the Bollinger belt index channel for a long time. After the low-level weak consolidation was moved up to the node near the medium rail, it was blocked for a short time. The Bollinger belt index continued to close. The MACD index hovered below the 0 axis, and the RSI index was at the weak consolidation below the 50 equilibrium line;


Multi empty turning point: 6.70022


Pressing position: 6.71347, 6.72458


Support position: 6.68431, 6.67285


Trading strategy: bearish below 6.70022, target 6.68431, 6.67285


Alternative strategy: bullish above 6.70022, target 6.71347, 6.72458

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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