USD/CNH intraday: above its upper Bollinger band

USDCNH

Trading Central 2021-02-23 18:43:12

Our pivot point is at 6.4535.

Our preference: the upside prevails as long as 6.4535 is support.

Alternative scenario: the downside breakout of 6.4535 would call for 6.4420 and 6.4352.

Comment: the RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 6.4602 and 6.4635). Finally, the USD/CNH is trading above its upper Bollinger band (standing at 6.4665).

Supports and resistances:

6.5040 **

6.4971 *

6.4903 **

6.4835

6.4671 last

6.4580

6.4535 **

Disclaimer

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