USDCNH: low volatility

Fundamental analysis:

The U.S. dollar against the renminbi remained oscillating around 6.98888. The National Bureau of Statistics: In November, due to the impact of the short-term impact of the epidemic, industrial production fell back, but from a cumulative perspective, it remained generally stable. At the same time, the trend of upgrading the industrial structure has not changed, new kinetic energy continues to grow, the supply of people's livelihood products is guaranteed, and the overall social stability is maintained.

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

Brief technical analysis:

Looking at the 4-hour chart: the low position maintains a narrow range of shocks and shifts in the short term, the market as a whole has not yet come out of the range shock, the low-level long-short dynamics are in a state of anxiety, the MACD indicator is hovering around the 0 axis, and the RSI indicator is in a weak order above the 50 balance line;

Long-short turning point: 6.98746

Suppression: 7.00539, 7.02229

Support: 6.96344, 6.94424

Trading strategy: Bullish above 6.98746, target 7.00539, 7.02229

Alternative strategy: bearish below 6.98746, target 6.96344, 6.94424