USD/CNH intraday: the downside prevails as long as 7.2996 is resistance
Our pivot point stands at 7.2996.
Our preference: the downside prevails as long as 7.2996 is resistance.
Alternative scenario: the upside breakout of 7.2996, would call for 7.3146 and 7.3235.
Comment: the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 7.2923 and 7.2996).
Supports and resistances:
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