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USD/CNH intraday: rise to 7.2288
2024-01-22
613
Our pivot point stands at 7.1934.
Our preference: rise to 7.2288.
Alternative scenario: the downside breakout of 7.1934 would call for 7.1812 and 7.1740.
Comment: the RSI is below its neutrality area at 50. The MACD is positive and above its signal line. The break above the 50 area on the RSI would call for further upside. Moreover, the price is below its 20 period moving average (7.2036) but above its 50 period moving average (7.2030).
Supports and resistances:
7.2433 **
7.2360 *
7.2288 **
7.2215
7.2034 last
7.1982
7.1934 **
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