- The USD/CNH is currently trading at 6.9608, having hit a high of 6.9694 earlier today.
- The pair could witness a deeper pullback to 6.9391 (Nov. 6 high resistance on the hourly chart), courtesy of the bearish divergence of the relative strength index (RSI) on the hourly chart.
- The hourly MACD, a trend-following momentum indicator, is signaling a reversal in the downward direction.
- The bearish view would be invalidated if the pair finds acceptance above the session high of 6.9694.
Hourly Chart
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Trend: Bearish
USD/CNH
Overview:
Last Price: 6.9615
Daily change: -43 pips
Daily change: -0.0617%
Daily Open: 6.9658
Trends:
Daily SMA20: 6.939
Daily SMA50: 6.9013
Daily SMA100: 6.8404
Daily SMA200: 6.5913
Levels:
Daily High: 6.9675
Daily Low: 6.9425
Weekly High: 6.9538
Weekly Low: 6.8895
Monthly High: 6.9798
Monthly Low: 6.8674
Daily Fibonacci 38.2%: 6.958
Daily Fibonacci 61.8%: 6.952
Daily Pivot Point S1: 6.9497
Daily Pivot Point S2: 6.9336
Daily Pivot Point S3: 6.9247
Daily Pivot Point R1: 6.9747
Daily Pivot Point R2: 6.9836
Daily Pivot Point R3: 6.9997
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