USD/CNH intraday: the downside prevails as long as

USD/CNH intraday: the downside prevails as long as 6.4679 is resistance

USDCNH

Trading Central 2021-01-14 18:22:04

6.4679 is our pivot point.

Our preference: the downside prevails as long as 6.4679 is resistance.

Alternative scenario: above 6.4679, look for 6.4771 and 6.4826.

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 6.4638 and 6.4634).

Supports and resistances:

6.4826 **

6.4771 *

6.4679 **

6.4642

6.4580 last

6.4427

6.4372 **

Disclaimer

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