Usdcnh: back test continue to buy
2022-07-29
1216
Fundamental analysis:
The two heads of state had in-depth communication and exchanges on China US relations and issues of mutual concern.
USD / RMB usdcnh daily chart:
Technical analysis:
According to the daily chart, the price fell in a narrow range. MACD runs on the 0 axis and the volume can continue to shrink slightly. RSI fell slowly. It is expected that the short-term exchange rate will rise further after the fall.
Long short turning point: 6.6416
Resistance level: 6.7600 6.8870
Support position: 6.5385 6.4260
Trading strategy: above 6.6416, bullish, with target prices of 6.7600 and 6.8870
Alternative strategy: below 6.6416, bearish, with target prices of 6.5385 and 6.4260
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