USD/CNH intraday: the downside prevails as long as 7.3169 is resistance
Our pivot point stands at 7.3169.
Our preference: the downside prevails as long as 7.3169 is resistance.
Alternative scenario: the upside breakout of 7.3169, would call for 7.3319 and 7.3409.
Comment: the RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 7.3069 and 7.3041).
Supports and resistances:
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