USD/CNH intraday: rebound towards 7.3510
Our pivot point is at 7.3173.
Our preference: rebound towards 7.3510.
Alternative scenario: below 7.3173, expect 7.3049 and 7.2976.
Comment: the RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price is trading above its 20 period moving average (7.3271) but under its 50 period moving average (7.3298).
Supports and resistances:
7.3658 **
7.3584 *
7.3510 **
7.3437
7.3274 last
7.3222
7.3173 **
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