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USDCNH: Shock down
2022-12-21
1082
Fundamental analysis:
USD/RMB fluctuates around 6.95938. If the foreign minister of Australia talks about imposing tariffs on Australian products during his visit to China, we hope that the Australian side will uphold the spirit of mutual respect and seek common ground while reserving differences, and work with China to promote the comprehensive strategy between China and Australia. The partnership has returned to the track of healthy and stable development.
US dollar RMB USDCNH - the 4-hour K-line chart shows:
Brief technical analysis:
Looking at the 4-hour chart: The short-term momentum of the market is emerging, and the short-term shocks and slow down, the short-term sentiment continues to intervene, the MACD indicator is hovering around the 0 axis, and the RSI indicator is below the 50 balance line.
Long-short turning point: 6.96451
Suppression: 6.97654, 6.98945
Support: 6.94837, 9.93869
Trading strategy: Bearish below 6.96451, target 6.94837, 9.93869
Alternative strategy: Bullish above 6.96451, target 6.97654, 6.98945
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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