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USD/CNH intraday: as long as 7.3159 is support look for 7.3498
2023-10-19
564
Our pivot point stands at 7.3159.
Our preference: as long as 7.3159 is support look for 7.3498.
Alternative scenario: the downside breakout of 7.3159 would call for 7.3035 and 7.2962.
Comment: the RSI is above 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 7.3257 and 7.3213).
Supports and resistances:
7.3645 **
7.3572 *
7.3498 **
7.3424
7.3265 last
7.3208
7.3159 **
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