In the foreign exchange market on Wednesday, the US dollar rebounded slightly and then fell back. The US dollar index rose to 96.38, the lowest fell to 96.04, closing at 96.12. Europe and the United States rose to 1.1394, the lowest fell to 1.1351, closing at 1.1384.

    The US dollar index accelerated on Wednesday, and the strength of the stock market and commodity currencies prompted investors to cut long positions in the dollar. Since the beginning of this year, the voice of sing the US dollar has been heard. Yesterday, investment banks predicted that the average price of the US dollar will be below 90 this year, which means that the US dollar will fall by at least 600 points. However, in the near term, the European Central Bank may join the ranks of other central banks around the world this week, cautious about economic growth, which may boost the dollar. Sterling rose sharply on Wednesday, the biggest one-day gain in six weeks, after the British opposition Labor Party said it would support parliamentarians to stop the UK’s efforts to break the European Union. In addition, market observers expect the ECB to acknowledge the growing threat to the eurozone economy at its meeting on Thursday.

    The USD/JPY was once short-lived, after the Bank of Japan maintained its economic stimulus plan unchanged on Wednesday. The Bank of Japan cut its inflation forecast on Wednesday and kept the ultra-loose monetary policy unchanged. The increase in economic pressures and the slowdown in global demand have threatened the central bank’s efforts to promote sustained economic growth over the years. At the same time, part of the US government’s closure has entered the 33rd day, which has increased investor uneasiness. US Senate Majority Leader and Republican McConnell said he plans to vote on Thursday for a proposal by the Democratic Party to provide the government with three weeks of funding.

From a technical point of view, the US dollar index rebounded below 96.40 on Wednesday, the callback was supported above 96.00, closing at 96.12, which means that the dollar may maintain a pullback after a short-term rebound. If the US dollar index rebounds below 96.35 today, the target of the market callback will point to 95.95-95.85. Today, the short-term resistance of the US dollar index is 96.30-96.35, and the short-term important resistance is 96.50-96.55. Today, the short-term support of the US dollar index is at 95.95-96.00, and the short-term important support is at 95.80-9.85. Europe and the United States on Wednesday was supported above 1.1350, rebounded below 1.1395, closing at 1.1384, meaning that Europe and the United States short-term correction may continue to rebound. If the European and American callbacks are supported above 1.1360 today, the rebound target will point to 1.1405-1.1420. Today, the short-term resistance in Europe and America is between 1.1400 and 1.1405, and the short-term important resistance is at 1.1415-1.1420. Today, short-term support in Europe and America is at 1.1360-1.1365, and short-term important support is at 1.1330-1.1335.

      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 96.35-95.85, 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 the range of 1.1420—1.1360, effectively break the 30-point stop loss and target the upper limit of the range.

GBP/USD: You can buy at the lower limit of 1.3160—1.3030, 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 0.9980—0.9910, effectively break the 30-point stop loss and target the lower limit of the range.

USD/JPY: You can sell at the upper limit of the range of 109.95-109.00, effectively break the 35-point stop loss and target the lower limit of the range.

AUD/USD: You can buy at the lower limit of 0.7160—0.7120, effectively break the 20-point stop loss and target the upper limit of the range.

USD/CAD: You can buy at the lower limit of 1.3380—1.3310, effectively break the 35-point stop loss and target the upper limit of the range.

Gold: You can buy at the lower limit of the range of 1290.00–27979.00, effectively break the $5 stop loss and target the upper limit of the range.

Silver: You can buy at the lower limit of 15.55-15.25, effectively break the stop loss of $0.10, and target the upper limit of the range.

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