Win in the morning
As the Fed's tightening cycle ends, monetary policy's control over the currency will begin to weaken for most of 2023, providing the market with room to operate.
Given that monetary policy is tight enough and a surge in energy prices could easily kill the global outlook, the need for safe-haven assets becomes even more apparent. “High inflation and a resilient economy may signal further interest rate hikes from the Fed, but the economy appears to be finally starting to slow. If interest rates peak, the rally in currency prices should continue. "
Daily level: The currency price rushed towards 27300 and fell back at night! The currency price is currently near the 30-day moving average! kdj's own RSI turned upward and the downward trend in bonded currency prices has eased! In addition, it should be noted that the current running position of the currency price is also near the middle track of the Bollinger Bands! If the currency price adopts the Bollinger Bands closing trend next! Then the market will pull repeatedly around 27,000!
On the upside: The initial resistance is focused on the intraday high near 27288! Further resistance will focus on the Bollinger Band track near 28158!
On the downside: initial support focuses on the 5-day moving average around 26885! For further support, just focus on the 26,000 integer mark!
Intraday suggestion: be cautious and go long on dips! Be cautious about shorting on rallies
The current operation is recommended to follow up MAI in the short term near 27000. The target point is to see a backhand near 27696, and the stop loss is around 26704 (if the small stop loss changes, adjust the direction in time!) Investment is risky, so you need to be cautious when entering the market (personal advice) for reference only)
