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USD/CNH intraday: as long as 7.2528 is support look for 7.2767
2024-04-23
128
Our pivot point stands at 7.2528.
Our preference: as long as 7.2528 is support look for 7.2767.
Alternative scenario: the downside breakout of 7.2528 would call for 7.2441 and 7.2388.
Comment: the RSI is above 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the price is below its 20 period moving average (7.2612) but above its 50 period moving average (7.2559).
Supports and resistances:
7.2871 **
7.2819 *
7.2767 **
7.2714
7.2604 last
7.2563
7.2528 **
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