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USD/CNH intraday: as long as 7.2646 is support look for 7.2890
2024-04-25
204
Our pivot point is at 7.2646.
Our preference: as long as 7.2646 is support look for 7.2890.
Alternative scenario: the downside breakout of 7.2646 would call for 7.2558 and 7.2505.
Comment: the RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 7.2696 and 7.2637).
Supports and resistances:
7.2995 **
7.2942 *
7.2890 **
7.2837
7.2722 last
7.2680
7.2646 **
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