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USD/CNH intraday: the downside prevails as long as 7.1765 is resistance
2024-01-23
916
Our pivot point is at 7.1765.
Our preference: the downside prevails as long as 7.1765 is resistance.
Alternative scenario: above 7.1765, look for 7.1892 and 7.1967.
Comment: the RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 7.1702 and 7.1771).
Supports and resistances:
7.1967 **
7.1892 *
7.1765 **
7.1715
7.1651 last
7.1499
7.1423 **
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