USDCNH: Upper target integer mark

Fundamental analysis:

Li Keqiang presided over an executive meeting of the State Council. The meeting pointed out that the current economy continues to recover and develop, but there are still slight fluctuations. It is necessary to implement the deployment of the Party Central Committee and the State Council, increase fiscal and monetary policies to support the real economy in a targeted manner, further consolidate the foundation for economic recovery, and keep the economy operating within a reasonable range.

USDCNH daily chart:

A brief technical analysis:

From the daily chart: the price continues to rise 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