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USD/CNH intraday: rebound towards 7.2207
2024-02-29
490
Our pivot point is at 7.2013.
Our preference: rebound towards 7.2207.
Alternative scenario: the downside breakout of 7.2013 would call for 7.1941 and 7.1899.
Comment: the RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 7.2076 and 7.2093).
Supports and resistances:
7.2292 **
7.2249 *
7.2207 **
7.2164
7.2073 last
7.2041
7.2013 **
The above information is provided by special analysts and is for reference only. CM Trade does not guarantee the accuracy, timeliness and completeness of the information content, so you should not place too much reliance on the information provided. CM Trade is not a company that provides financial advice, and only provides services of the nature of execution of orders. Readers are advised to seek relevant investment advice on their own. Please see our full disclaimer.
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