USD/CNH intraday: the upside prevails as long as 7.2131 is support

Our pivot point stands at 7.2131.

Our preference: the upside prevails as long as 7.2131 is support.

Alternative scenario: the downside breakout of 7.2131 would call for 7.1919 and 7.1792.

Comment: the RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 7.2271 and 7.2226).

Supports and resistances:

7.2956 **

7.2830 *

7.2703 **

7.2577

7.2315 last

7.2215

7.2131 **