USD/CNH intraday: the upside prevails as long as 6

USD/CNH intraday: the upside prevails as long as 6.4484 is support

USDCNH

Trading Central 2021-02-20 02:59:05

Our pivot point stands at 6.4484.

Our preference: the upside prevails as long as 6.4484 is support.

Alternative scenario: below 6.4484, expect 6.4363 and 6.4291.

Comment: the RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 6.4511 and 6.4553).

Supports and resistances:

6.5003 **

6.4931 *

6.4858 **

6.4786

6.4608 last

6.4531

6.4484 **

Disclaimer

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