USDCNH: Short -term support strong

Fundamental analysis:

In June 2022, my country's foreign exchange market was running smoothly, and domestic foreign exchange supply and demand continued to balance. In the international financial market, affected by factors such as monetary policy, inflation expectations, and global economic growth prospects, the US dollar index has risen significantly, and financial asset prices in major countries have fallen sharply. Foreign exchange reserves are based on US dollars, and non -dollar currencies have been converted into US dollars. The amount of amounts of US dollars is reduced, and the amount of foreign exchange reserves has declined in the month of the month.

USD RMB USDCNH daily chart:

Technical analysis:

From the perspective of the daily map: After the price is high, it continues to converge for many days. The MACD runs on the 0 axis and the amount can continue to shrink slightly. The RSI trend is gentle. It is expected that the short -term exchange rate will be further up after finishing.

Multi -time turning point: 6.6416

Resistance level: 6.7600 6.8870

Support bit: 6.5385 6.4260

Trading strategy: above 6.6416, watch the bullish, the target price is 6.7600, 6.8870

Alternative strategy: Under 6.6416, the target price is 6.5385, 6.4260