USDCNH Jan 2022 to 14 Aug 2022
USD/CNH refreshed the highest level since 2022 yesterday, with short-term support focusing on the May high of 6.8375. After the RSI failed to break through 70 again, it is showing signs of divergence (the high point in May and the high point of the year refreshed yesterday), suggesting that the exchange rate may turn down in the short term, and the key support below is the 20-day SMA moving average.
USD/CNH refreshed the highest level since 2022 yesterday, with short-term support focusing on the May high of 6.8375. After the RSI failed to break through 70 again, it is showing signs of divergence (the high point in May and the high point of the year refreshed yesterday), suggesting that the exchange rate may turn down in the short term, and the key support below is the 20-day SMA moving average.
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