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USD/CNH intraday: as long as 7.2033 is support look for 7.2314
2024-02-08
609
Our pivot point is at 7.2033.
Our preference: as long as 7.2033 is support look for 7.2314.
Alternative scenario: the downside breakout of 7.2033 would call for 7.1928 and 7.1866.
Comment: the RSI is above its neutrality area at 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 7.2105 and 7.2046).
Supports and resistances:
7.2438 **
7.2376 *
7.2314 **
7.2251
7.2117 last
7.2074
7.2033 **
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