USD/CNH intraday: above its upper Bollinger band

USDCNH

Trading Central 2021-01-14 04:43:08

Our pivot point is at 6.4554.

Our preference: as long as 6.4554 is support look for 6.4855.

Alternative scenario: the downside breakout of 6.4554 would call for 6.4462 and 6.4407.

Comment: the RSI is above 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 6.4633 and 6.4534). Finally, the USD/CNH has crossed above its upper Bollinger band (6.4681).

Supports and resistances:

6.4966 **

6.4911 *

6.4855 **

6.4800

6.4688 last

6.4591

6.4554 **

Disclaimer

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