7638534 7/12/2017 7:15 AM, USD/CNH Intraday: intraday support around 6.7860.


Pivot: 6.7860


Our preference:

long positions above 6.7860 with targets at 6.8115 & 6.8220 in extension.


Alternative scenario:

below 6.7860 look for further downside with 6.7720 & 6.7540 as targets.


Comment:

even though a continuation of the consolidation cannot be ruled out, its extent should be limited.


Supports and resistances:


6.8315

6.8220

6.8115


6.7964

Last

6.7860

6.7720

6.7540