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USD/CNH intraday: under pressure below 7.2542
2024-03-26
922
Our pivot point stands at 7.2542.
Our preference: under pressure below 7.2542.
Alternative scenario: above 7.2542, look for 7.2624 and 7.2673.
Comment: the RSI is below its neutrality area at 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the price is trading above its 20 period moving average (7.2470) but under its 50 period moving average (7.2476).
Supports and resistances:
7.2673 **
7.2624 *
7.2542 **
7.2509
7.2471 last
7.2368
7.2319 **
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