USD/CNH Intraday: bullish bias above 6.4380.

USDCNH

Trading Central 2021-02-22 09:31:06

Pivot: 6.4380

Our preference: long positions above 6.4380 with targets at 6.4710 & 6.4860 in extension.

Alternative scenario: below 6.4380 look for further downside with 6.4250 & 6.4150 as targets.

Comment: a support base at 6.4380 has formed and has allowed for a temporary stabilisation.

Supports and resistances:

6.5010

6.4860

6.4710

6.4543 Last

6.4380

6.4250

6.4150

Disclaimer

The trading strategy containing reference trading prices and analysis opinions is provided by the third-party provider Trading Central.And the trading strategy is only the personal research and judgment by analysts,which is not a statement of facts.No representation or warranty is given as to the accuracy or completeness of this strategy. Consequently any person acting on it does so entirely at their own risk. TOP1 accepts no responsibility for any use that may be made of these comments and for any consequences that result.