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USDCNH: Began to rise slowly

2022-08-02
1276
Fundamental analysis:

my country's economic development internal and external environments are more severe. The production and operation activities expectation index is 52.0%, a decrease of 3.2 points, which is located in the expansion range. In terms of industry situation, the production and operation activities of railway ships, aerospace equipment and other industries are expected to be more than 59.0%of the high prosperity range, and the market expects to be stable; while the textile industry black metal smelting and voltage processing industry are all in the contraction range for 4 consecutive months. Related enterprises Insufficient confidence in industry development prospects.

USD RMB USDCNH daily chart:


Technical analysis:

From the perspective of the daily map: the price starts to go narrowly, MACD runs on the 0 axis and the amount can be slightly measured, and the RSI rises slightly. It is expected that the short -term exchange rate will be further up.

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

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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