USD/CNH intraday: the downside prevails as long as 7.3230 is resistance
7.3230 is our pivot point.
Our preference: the downside prevails as long as 7.3230 is resistance.
Alternative scenario: the upside breakout of 7.3230, would call for 7.3354 and 7.3427.
Comment: the RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 7.3179 and 7.3232).
Supports and resistances:
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