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USD/CNH ST: the upside prevails as long as 7.1917 is support
2024-03-26
184
Our pivot point stands at 7.1917.
Our preference: the upside prevails as long as 7.1917 is support.
Alternative scenario: the downside breakout of 7.1917 would call for 7.1348 and 7.1009.
Comment: the RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 7.2114 and 7.2056).
Supports and resistances:
7.4238 **
7.3898 *
7.3558 **
7.3218
7.2465 last
7.2141
7.1917 **
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