8.15 Thursday night

After the data last night, the exchange rate rose to 61800, which brought the atmosphere to a climax. However, it did not meet expectations. Some of the long positions were cleared. The positives were exhausted, and all were negative. The expectations were over, and there were worries. Now the impact of the data on the US dollar is not so important. What is important is the impact on the interest rate cut.

In the intraday market, although there is a short-term rebound, the market is still in the range trend structure. After touching the key resistance point above, it fell back and did not continue. The overall volatility is still under pressure.

At this stage, as long as the rebound does not break through, the small cycle moving average pressure of 59500-60000 area is within the normal adjustment range.

If the upper resistance cannot be effectively broken, there is a high probability of a decline, so the night operation will continue to focus on the range of high and low.

It is recommended to focus on the 59500-60000 area⬇️, and the target is to look at the support of 58500-57500.

Light warehouse with bamboo shoots

(Personal suggestion, for reference only, please refer to Shipan for details, and be cautious when investing)