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USD/CNH intraday: as long as 7.2434 is support look for 7.2691
2024-04-19
97
Our pivot point stands at 7.2434.
Our preference: as long as 7.2434 is support look for 7.2691.
Alternative scenario: the downside breakout of 7.2434 would call for 7.2344 and 7.2291.
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 7.2515 and 7.2500).
Supports and resistances:
7.2797 **
7.2744 *
7.2691 **
7.2638
7.2523 last
7.2469
7.2434 **
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