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USD/CNH intraday: as long as 7.2406 is support look for 7.2626
2024-03-27
473
Our pivot point stands at 7.2406.
Our preference: as long as 7.2406 is support look for 7.2626.
Alternative scenario: the downside breakout of 7.2406 would call for 7.2323 and 7.2274.
Comment: the RSI is above 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 7.2473 and 7.2473).
Supports and resistances:
7.2724 **
7.2675 *
7.2626 **
7.2577
7.2474 last
7.2438
7.2406 **
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