Tian Hongliang: Facing Important Resistance, The US Dollar Will Not Advance And Retreat.

< p > < < a href= > //www.sjfzxm.com/news/index_cj.asp > > /a > GDP did not show too much pressure on the US dollar index. The main reason is the decline in US bond yields.

Data released by the US Department of Commerce yesterday showed that the actual GDP correction value in the first quarter of the United States contracted by 1% over the annualized quarter, much less than the expected contraction of 0.5%, which is the first time the US economy has suffered negative growth since the first quarter of 2011.

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< p > although the GDP report is undoubtedly disappointing, there is no obvious downward pressure on the "a href=" //www.sjfzxm.com/news/index_cj.asp "US dollar < /a >. Most market participants attribute the economic contraction to the" weather "factors which are not sustainable, and generally expect the economic growth to rise significantly in the two quarter and the second half of the year.

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< p > is based on the optimistic judgement of the economic outlook and the Fed's earlier "a href=" //www.sjfzxm.com/news/index_cj.asp "contraction" /a, and investors lack the desire to short sell the US dollar.

The US Treasury bonds yield 10, the latest 2.4402%, which is about 3 basis points lower than late Wednesday, hitting 2.402% last June.

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The yield of US Treasury bonds is at an unexpectedly low level, and the expectation that the Fed will soon raise interest rates will be reduced, and the US dollar demand will be lowered, although the US economy will be widely expected to improve in the P market.

The problem with the US dollar is the bond market. The US dollar is depressed by the US bond yield. The 10 - year US bond yield is expected to be 3%, which is currently around 2.5%.

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From a technical point of view, the US dollar index has been sorted and sorted out at the top 80.60 points, and if it can not break through today, the dollar will have a callback process, and then continue to rise. P

The average system of the US dollar index continued to maintain a long form, and it formed good support for the exchange rate.

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< p > today, the US dollar's initial support is between 80.35 and 80.40, and the stronger support is between 80.25 and 80.30.

Today, the resistance of the US dollar index is between 80.55 and 80.60, and the short-term resistance is between 80.65 and 80.70.

If we stand firm above 80.60, the US dollar index will rise to a target of 81 or even 81.50.

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< p > US dollar is the main line of operation in the short term today. It breaks the position to 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, all the outstanding pactions will be withdrawn.

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

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< p > US dollar index: it can be high in the 80.70----80.30 interval to sell at a low level (first up in place to sell, first down in place to buy), effectively breaking 20 stops.

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< p > euro / US dollar: we can sell high in the 1.3640----1.3560 interval (first rise, sell in place, buy in the first place), and effectively break 30 stops.

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< p > Sterling / US dollars: we can sell high in the 1.6760----1.6670 interval and sell at a low level (first up, sell in place, buy in the first place), and effectively break 40 stops.

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< p > US dollar / Swiss Franc: we can sell high in the 0.9010---0.8940 interval (first rise, sell in place, buy in the first place), effectively break 30 stops.

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< p > US dollar / yen: it can be sold at the upper limit of the 102.15----101.45 interval, effectively breaking the 30 point stop loss, and the target is at the lower limit of the interval.

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< p > Australian dollar / US dollar: we can buy at the lower limit of the 0.9330--0.9230 interval, effectively break 30 points, stop the loss, and aim at the upper limit of the interval.

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< p > US dollar / Canadian Dollar: it can be sold at the upper limit of the 1.0870---1.0810 interval, effectively breaking the 30 point stop loss, and the target is at the lower limit of the interval.

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< p > Gold: it can buy at the lower limit of 1265 - 1246, 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 19.30 - 18.65, 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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