USD/CNH intraday: as long as 7.1726 is support look for 7.2246

Our pivot point stands at 7.1726.

Our preference: as long as 7.1726 is support look for 7.2246.

Alternative scenario: below 7.1726, expect 7.1530 and 7.1414.

Comment: the RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 7.1890 and 7.1860).

Supports and resistances:

7.2479 **

7.2362 *

7.2246 **

7.2129

7.1893 last

7.1803

7.1726 **