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The Ministry of Commerce hosted the 12th BRICs economic and trade ministers' meeting via video
2022-06-10
999
Fundamental analysis:
The USD / RMB remained volatile around 6.69949. The Ministry of Commerce held a regular press conference. On the evening of June 9, China will host the 12th BRICs economic and trade ministers' meeting in Beijing by video. Representatives of BRICs members and relevant international organizations will attend the meeting.
USD and RMB usdcnh - 4-hour K-line chart display:
Technical comments: the low-level bull power continued to fluctuate and rise in the upper rail section of the Bollinger belt index channel. The high-level short-term broke through the upper rail to the node near 6.70853, and the short-term bull power still showed signs of further upward movement. The MACD index maintained a narrow range on the upper side of the 0 axis, and the RSI index maintained a weak position on the upper side of the 50 equilibrium line;
Multi empty turning point: 6.68935
Pressing position: 6.71766, 6.73455
Support position: 6.67047, 6.65210
Trading strategy: bullish above 6.68935, target 6.71766, 6.73455
Alternative strategy: bearish below 6.68935, target 6.67047, 6.65210
The above analysis is a personal point of view and is for reference only.
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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