USDCNH: Finishing the retracement

The U.S. dollar against the RMB remained volatile around 6.87343. The Chinese ambassador to Australia: China-Australia relations have entered a new stage of stabilization and improvement. We hope that Wrigley Energy and other model companies for cooperation between the two countries will continue to exert their unique advantages. China-Australia energy and mining cooperation is a practical economic and trade cooperation between the two countries Wrigley Energy is one of the models of business cooperation between the two countries and has won wide acclaim for its innovative, efficient and environmentally friendly energy solutions.

US dollar RMB USDCNH - the 4-hour K-line chart shows:

Looking at the 4-hour chart: The short-seller dynamics are finishing and retracing, and the market's short-selling sentiment is gradually emerging. In the short term, there will be a trend of continuing to move downward.

Resistance levels: 6.88368 6.89176

Support levels: 6.86675 6.86001

Trading strategy: bearish below 6.87675, target 6.86675 6.86001

Alternative strategy: Bullish above 6.87675, target 6.88368 6.89176