In the foreign exchange market last Friday, the US dollar continued to rebound strongly. The US dollar index rose to 96.40, the lowest fell to 96.00, closing at 96.34. Europe and the United States rose to 1.1410, the lowest fell to 1.1353, closing at 1.1370.

    The US dollar index accelerated in the short-term above the 96 mark. The Fed’s No. 3 character Williams said that he needs to be cautious and patient with the interest rate hike, but still expects the economy to perform steadily. Earlier, the latest US Michigan University consumer confidence index was far worse than expected, but the dollar still maintained its upward trend. The dollar was steady last Friday and is expected to rise in the first week of the five-week period, as investors cut their excessive short bets on the dollar after weak eurozone data this week.

    Media reports on Thursday and Friday showed that China’s Vice Premier Liu He visited Washington on January 30 and 31 to discuss the trade impasse between the world’s two largest economies. Consider making concessions. Bloomberg quoted people familiar with the matter on Friday as saying that in order to reshape relations between the two countries, China has proposed to increase imports from the United States through six years of massive purchases. By raising the total annual imports from the United States by more than $1 trillion, China will seek to reduce its trade surplus with the United States from $323 billion last year to zero in 2024.

    The Wall Street Journal quoted a person familiar with the internal discussions on Thursday as saying that U.S. Treasury Secretary Nuchin discussed some or all of the tariffs imposed on China’s exports to the United States in the trade negotiations scheduled for January 30, and It is recommended to lower the tariff to the previous level. Although the Treasury spokesperson denied the report on Thursday, the positive sentiment was enough to boost the US dollar index and the three major US stock indexes to strengthen on Friday morning.

    In addition, the pound fell against the euro and the dollar, reducing the gains recorded overnight, as investors profited, the pound rose sharply earlier last week, the euro will record the biggest weekly increase over the past year, as the market is increasingly convinced Britain can avoid a non-agreement of Brexit.

    From a technical point of view, the US dollar index was supported above 96.00 on Friday, and the rebound was blocked below 96.40, closing at 96.34, which means that the dollar may maintain a pullback after a short-term rebound. If the US dollar index rebounds below 96.50 today, the target of the market correction will point to 96.10-9.85. Today, the short-term resistance of the US dollar index is 96.45-96.50, and the short-term important resistance is 96.60-96.65. Today, the short-term support of the US dollar index is at 96.20-96.25, and the short-term important support is at 96.10-96.15. Europe and the United States rebounded below 1.1410 on Friday, and the callback was supported above 1.1350, closing at 1.1370, meaning that Europe and the United States may maintain a rebound after a short-term correction. If the European and American callbacks are supported above 1.1345 today, the rebound target will point to 1.1405-1.1435. Today, the short-term resistance in Europe and America is 1.1380-1.1385, and the short-term important resistance is 1.1400-1.1405. Today, short-term support in Europe and America is at 1.1345-1.1350, and short-term support is at 1.1320-1.1325.

      Today, the US dollar is short-term short-selling. It breaks the stop loss. If there is a profit of 30 points or more, it will set a good stop to win. Before the US market opens, all pending orders withdrawn will be withdrawn. This strategy is suitable for margin and can be used as a reference.

US dollar index: You can sell at the upper limit of 96.50-96.10, effectively break the 20-point stop loss, and the target is at the lower limit of the range.

EUR/USD: You can buy at the lower limit of 1.1405—1.1345, effectively break the 30-point stop loss and target the upper limit of the range.

GBP/USD: You can sell at the upper limit of 1.2930—1.2820, effectively break the 40-point stop loss and target the lower limit of the range.

USD/CHF: You can sell at the upper limit of 0.9965—0.9935, effectively break the 30-point stop loss and target the lower limit of the range.

USD/JPY: You can buy at the lower limit of the range of 110.10-109.30, effectively break the 40-point stop loss and target the upper limit of the range.

AUD/USD: You can buy at the lower limit of 0.7200—0.7150, effectively break the 30-point stop loss and target the upper limit of the range.

USD/CAD: You can buy at the lower limit of the range of 1.3310—1.3240, effectively break the 30-point stop loss and target the upper limit of the range.

Gold: You can sell at the upper limit of 1290.00–12777.00, effectively break the $7 stop loss and target the lower limit of the range.

Silver: You can sell at the upper limit of 15.50-15.20, effectively break the stop loss of 0.15 USD, and the target is at the lower limit of the range.

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