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USD/CNH intraday: as long as 7.1988 is support look for 7.2155
2024-03-15
758
Our pivot point stands at 7.1988.
Our preference: as long as 7.1988 is support look for 7.2155.
Alternative scenario: the downside breakout of 7.1988 would call for 7.1927 and 7.1891.
Comment: the RSI is above 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 7.2028 and 7.2000).
Supports and resistances:
7.2228 **
7.2191 *
7.2155 **
7.2119
7.2037 last
7.2012
7.1988 **
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