From the four-hour chart, the exchange rate once climbed to a high point near 63,300, but then fell back. At present, the exchange rate is fluctuating around 62,000.

Although the exchange rate showed some signs of rebound on the hourly chart and the technical indicators also showed a trend of strengthening, the overall market is still weak and maintains in the downward channel.

It is expected that in the short term, the exchange rate may test the resistance level near 63,000 again. If it fails to break through successfully, it may continue to pull back to the support level around 62,200.