USDCNH: Integer mark just around the corner

Fundamental analysis:

The meeting emphasized that policy-oriented development banks should make good use of policy-oriented development financial tools, and increase their efforts in network infrastructure construction, industrial upgrading infrastructure construction, urban infrastructure construction, agricultural and rural infrastructure construction, and national security infrastructure construction. The support of relevant projects in key areas will form a physical workload as soon as possible, and promote loan issuance. Adhere to the principles of marketization and the rule of law, and coordinate the relationship between the steady growth of credit and the prevention of financial risks.

USDCNH daily chart:

A brief technical analysis:

From the daily chart: the price continues to rise rapidly in the short-term, the MACD is running on the 0-axis and the volume is slightly heavy, and the RSI continues to rise.

Long-short turning point: 6.6420

Resistance: 6.7600 6.8870

Support level: 6.5375 6.4260

Trading strategy: above 6.6420, bullish, target price at 6.7600, 6.8870

Alternative strategy: below 6.6420, bearish, target price at 6.5375, 6.4260