USD/CNH intraday: as long as 6.8913 is resistance look for 6.8488

6.8913 is our pivot point.

Our preference: as long as 6.8913 is resistance look for 6.8488.

Alternative scenario: above 6.8913, look for 6.9064 and 6.9155.

Comment: the RSI is below 50. The MACD is above its signal line and positive. The break above the 50 area on the RSI should trigger further gains. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 6.8766 and 6.8769).

Supports and resistances:

6.9155 **

6.9064 *

6.8913 **

6.8854

6.8765 last

6.8578

6.8488 **

6.8398 *

6.8307 **

Head of Research at TRADING CENTRAL: Rémy GAUSSENS

TRADING CENTRAL is governed by the Code of Conduct of ANACOFI-CIF, an association approved by the Autorité des Marchés Financiers and registered with ORIAS under number 17005458.

Written on 04-18-2023 at 10:48 UTC+1

Price reference: 6.8765 last known on 04-18-2023 at 10:48 UTC+1

Investment horizon: INTRADAY