USD/CNH intraday: above its upper Bollinger band
Our pivot point stands at 7.3102.
Our preference: the upside prevails as long as 7.3102 is support.
Alternative scenario: below 7.3102, expect 7.2979 and 7.2905.
Comment: the RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 7.3144 and 7.3148). Finally, the USD/CNH is trading above its upper Bollinger band (standing at 7.3224).
Supports and resistances:
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