"We have currently returned to the starting point after the Federal Reserve slowed down its interest rate hikes in November last year. This is an important resistance level, and the People's Bank of China is unlikely to tolerate the currency depreciating beyond this level. There is a clear divergence in the technical pattern, and intervention may occur at any time."
Wait for the gap to be covered to gain support again, and buy again Constrained by the suppression of the 200-day moving average on the daily line, technical overbought and the Fed's recent comments on suppressing inflation, the trend has undergone a short-term correction (covering the gap). The banking crisis continues to simmer, or it will find support again
Wait for the rebound to 0.618 and sell again. As the recent economic data and the Federal Reserve's hawkish comments strengthened the expectation of raising interest rates in May, crude oil was capped and fell, and the Canadian dollar was weak. If the crude oil fills the gap and finds support again, the Canadian dollar will be boosted again
DXY 2020-2021, wave trend structure chart, periodicity, self-similarity.
Despite concerns about the growth of new coronary pneumonia cases, the Fed’s unprecedented stimulus measures and the expectation that the US government may issue more fiscal stimulus policies may suppress the safe-haven dollar in the short term. Compared with the initial stage of recovery, the risk of declining US economic data is increasing; compared with Europe,...
The price falls on the weekly moving average of 200 and the support line,RSI close to 20, short-term rebound demand.
The price corrected downward, touching the 200 point support level of the weekly moving average, and the 0.618 point return position just falls on this average line, and the price has rebound demand