In the foreign exchange market on Tuesday, the US dollar rebounded slightly and then fell back. The US dollar index rose to 96.49, the lowest fell to 96.22, closing at 96.30. Europe and the United States rose to 1.1373, the lowest fell to 1.1336, closing at 1.1362.

    The latest US home sales data for December gave the bulls a heavy punch, causing the US dollar index to quickly turn from up to down. US home sales in December fell 6.4% month-on-month, falling to its lowest level in three years. As the dollar fell, the euro also under pressure to trade below the flat, weak data and the International Monetary Fund (IMF) cut European economic growth estimates, prompting investors to turn to the euro. A survey released on Tuesday showed a slight improvement in German investor confidence in January, but their assessment of the current state of the German economy fell to a four-year low, sending a mixed signal to the growth prospects of Europe’s largest economy. .

The dollar fell against the yen after the International Monetary Fund (IMF) lowered its global economic growth forecast for 2019 and 2020 on Monday. The IMF said that if trade disputes cannot be resolved, it could further undermine the stability of the global economy that is slowing down. Another sign of risk is that the Australian dollar fell by 0.45% against the US dollar, which is often seen as a barometer of Chinese investment. In the fourth quarter of last year, China’s economic growth was weakened by domestic demand and the pressure on US tariffs, which brought the economic growth rate in 2018 to the lowest level in nearly 30 years. More and more signs of weakness in the Chinese economy have heightened concerns about world economic risks.

    In addition, the pound rose 0.6%, the strong employment data released previously showed that although the UK economy slowed before the Brexit, the labor market remained strong.

    From a technical point of view, the US dollar index rebounded below 96.50 on Tuesday, and the callback was supported above 96.20, closing at 96.30, which means that the dollar may maintain a pullback after a short-term rebound. If the US dollar index rebounds below 96.45 today, the target of the market callback will point to 96.20-96.10. Today, the short-term resistance of the US dollar index is 96.40-96.45, and the short-term important resistance is 96.55-96.60. Today, the short-term support of the US dollar index is at 96.15-96.20, and the short-term important support is at 96.05-96.10. Europe and the United States on Tuesday was supported above 1.1335, rebounded below 1.1375, closing at 1.1362, meaning that Europe and the United States short-term correction may continue to rebound. If the European and American callbacks are supported above 1.1340 today, the rebound target will point to 1.1380-1.1395. Today, the short-term resistance in Europe and America is 1.1375-1.1380, and the short-term important resistance is 1.1390-1.1395. Today, short-term support in Europe and America is at 1.1340-1.1345, and short-term important 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 96.45-96.10, 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 1.1395—1.1340, effectively break the 25-point stop loss and target the upper limit of the range.

GBP/USD: You can buy at the lower limit of the range of 1.3050—1.2920, effectively break the 40-point stop loss and target the upper limit of the range.

USD/CHF: You can sell at the upper limit of 1.0000—0.9950, effectively break the 25-point stop loss and target the lower limit of the range.

USD/JPY: You can sell at the upper limit of the range of 109.60-108.90, effectively break the 40-point stop loss and target the lower limit of the range.

AUD/USD: You can sell at the upper limit of 0.7150—0.7090, effectively break the 30-point stop loss and target the lower limit of the range.

USD/CAD: You can buy at the lower limit of 1.3400—1.3310, effectively break the 40-point stop loss and target the upper limit of the range.

Gold: You can buy at the lower limit of the range of 1290.00—1280.00, effectively break the $6 stop loss and target the upper limit of the range.

Silver: You can buy at the lower limit of the range of 15.50-15.20, effectively break the stop loss of $0.12, and target the upper limit of the range.

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