USD/CNH intraday: the downside prevails as long as

USD/CNH intraday: the downside prevails as long as 6.4526 is resistance

USDCNH

Trading Central 2021-01-13 04:53:06

Our pivot point stands at 6.4526.

Our preference: the downside prevails as long as 6.4526 is resistance.

Alternative scenario: the upside breakout of 6.4526, would call for 6.4618 and 6.4673.

Comment: the RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 6.4551 and 6.4620).

Supports and resistances:

6.4673 **

6.4618 *

6.4526 **

6.4489

6.4445 last

6.4285

6.4230 **

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