The currency price remains high, helped by expectations of U.S. interest rate cuts. The U.S. core personal consumption expenditures (PCE) price index will be released on Friday, and attention will also be paid to Federal Reserve Chairman Jerome Powell's speech at a San Francisco Fed event on "Macroeconomics and Monetary Policy" on Friday.

Fed Governor Waller has repeatedly emphasized the point of "no need to rush into action" in recent speeches, especially with the current inflation data. He believes that although the inflation data is disappointing, better data needs to be observed for at least a few months before considering a rate cut. Additionally, he pointed to the strength of the U.S. economy and labor market as reasons for the Fed to wait longer. Overall, the Fed is currently neutral! This causes the market to fluctuate within a very narrow trading range.

In addition, you need to pay attention to the black swan event stimulated by unexpected news!

Daily level: The currency price reversed in a V-shape from 3.20! The highest reached around 72,000! One step away from the high point of innovation! Considering that the RSI is in a neutral to strong position! And the MACD dead cross bonding state! Indicators tend to move upward and consolidate, due to the lack of major good news stimulation in the upward market! Market investors have also become more nervous! The currency price is at its previous high, and it is very likely that it will not be able to hold on! Leave the upper lead on! You need to pay more attention to the pin insertion situation in the near future!

On the upside: The initial resistance will focus on yesterday's intraday high near 71541, and the further resistance will focus on the Bollinger Band orbit around 73946!

On the downside: initial support focuses on the middle track of the Bollinger Bands around 68413! For further support, focus on the lower track of the Bollinger Bands near 62880 (requires short sellers to increase their volume to reach it)

Recommendation for the day: Be cautious in going short on highs, and be cautious on longs in lows.