Tian Hongliang: Dollar Rebounding Began To Increase Resistance

The dollar continued to rebound in last Friday's foreign exchange market, P.

The US dollar index rose to 79.92, the lowest down to 79.38, closing at 79.91.

The euro / dollar rose to 1.3852, the lowest to 1.3745, closing at 1.3748.

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The dollar P hit a week high against a basket of currencies, rebounding from its 20 month low on Thursday.

Speaking at a press conference after the end of the European Central Bank's policy meeting on Thursday, Draghi said the euro's strength is a major worry. The ECB may take further actions at its June meeting to support economic growth and push up inflation.

Weaker Canadian employment figures in April triggered a wave of Canadian dollar sales.

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< p > data show that in April, Canada's employment decreased by 28 thousand and 900, an increase of 12 thousand, indicating a weak job market.

Delaki's speech has not changed the general trend of the euro. A href= "http://www.91se91.com/news/index_cj.asp" > euro "/a" / US dollar is still operating in a strong long range.

As long as the US quantitative easing policy continues, the US dollar will remain under pressure, and the euro will rebound against the US dollar, but it is hard to say whether we can break through the 1.4000 point mark.

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< p > > technically, < a href= "http://www.91se91.com/news/index_cj.asp" > US dollar index < /a > breaking 5, 10 and 20 moving average mean resistance means that the US dollar still has room to rebound, but the resistance on the short line is still very large.

The main resistance of the US dollar index is concentrated in the range of 79.90 to 80, and it will further restrict the further rise of US dollar.

The US dollar index will only continue to reach a target of 80.50 or even 81.50 after standing at 80.

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< p > otherwise, the US dollar index will be reduced to a target of 79.60 to 79.70, but the medium and long-term rise is still good, but it will only be delayed.

Today, the resistance of the US dollar index is between 80.05 and 80.10, and the short-term resistance is between 80.25 and 80.30.

The US dollar index pullback today supports 79.70 - 79.75, and short - term support is between 79.55 and 79.60.

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< p > > a href= "http://www.91se91.com/news/index_cj.asp" > US dollar < /a > today's short line is mainly to do more, break the stops and stop losses. If there are more than 30 profit points, we will set a good stop to win. Before the opening of the United States, we will withdraw all the outstanding pactions.

This strategy is suitable for margin and can be taken as a reference.

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< p > US dollar index: it can buy at the lower limit of 80.25----79.60 interval, effectively break 20 points, stop loss, and target at the upper limit of the interval.

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< p > euro / US dollar: it can be sold at the upper limit of the 1.3800----1.3680 interval, effectively breaking the 40 point stop loss, and the target is at the lower limit of the interval.

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< p > pound / dollar: it can be sold at the upper limit of the 1.6900----1.6770 interval, effectively breaking 40 point stops, and the target is at the lower limit of the interval.

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< p > US dollar / Swiss Franc: we can buy at the lower limit of the 0.8925----0.8820 interval, effectively break 40 points, stop the loss, and aim at the upper limit of the interval.

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< p > US dollar / yen: it can be bought at the lower limit of the 102.10----101.40 interval, effectively breaking 30 points and stopping the loss. The target is at the upper limit of the interval.

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< p > Australian dollar / US dollar: it can be sold at the upper limit of the 0.9400--0.9320 interval, effectively breaking the 40 point stop loss, and the target is at the lower limit of the interval.

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< p > US dollar / Canadian Dollar: we can buy at the lower limit of the 1.0980---1.0840 interval, effectively break 40 points, stop the loss, and aim at the upper limit of the interval.

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< p > Gold: it can buy at the lower limit of 1298 - 1280, and effectively break the position of 6 US dollars, and the target is in the upper limit of the interval.

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< p > silver: it can buy at the lower limit of 19.40 - 18.90, and effectively break the position of 0.20 US dollars, and the target is in the upper limit of the interval.

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< p > above strategy is calculated by my intelligent trading system. Investors should adjust accordingly according to the specific market.

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