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USD/CNH intraday: the upside prevails as long as 7.3318 is support
2023-10-31
1133
7.3318 is our pivot point.
Our preference: the upside prevails as long as 7.3318 is support.
Alternative scenario: the downside breakout of 7.3318 would call for 7.3236 and 7.3187.
Comment: the RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 7.3353 and 7.3296).
Supports and resistances:
7.3659 **
7.3611 *
7.3562 **
7.3513
7.3403 last
7.3350
7.3318 **
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