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USD/CNH intraday: rebound towards 7.2635
2024-04-18
596
Our pivot point is at 7.2363.
Our preference: rebound towards 7.2635.
Alternative scenario: the downside breakout of 7.2363 would call for 7.2273 and 7.2220.
Comment: the RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price is trading above its 20 period moving average (7.2443) but under its 50 period moving average (7.2503).
Supports and resistances:
7.2742 **
7.2689 *
7.2635 **
7.2582
7.2444 last
7.2398
7.2363 **
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