Published: 2026-11-05T03:01:25.000Z
Chart USD/CNH Update: Consolidating test of wedge top
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Settled back from test of the wedge top at 6.6855 high as prices consolidate bounce from the 6.6425 low
| Level | Imp | Comment | Level | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 6.7260 | ** | Sep high | S1 | 6.6650 | 4 Nov low | ||
| R3 | 6.7000 | * | figure, congestion | S2 | 6.6425 | ** | 2 Nov YTD low | |
| R2 | 6.6910 | ** | Sep low | S3 | 6.6160 | * | Jun 2022 low | |
| R1 | 6.6855 | * | wedge top | S4 | 6.6000 | ** | figure |
Asterisk denotes strength of level
03:00 GMT - Settled back from test of the wedge top at 6.6855 high as prices consolidate bounce from the 6.6425 low and unwind overbought intraday studies. Daily studies remains positive and suggest consolidation giving way to renewed buying interest later. Higher will see room to strpng resistance at 6.6910 September low and extending to the 6.7000 figure. Above here, if seen, will see room to the 6.7260 September swing high. Meanwhile, support is at the 6.6650 mid-week low. Below here will expose the 6.6425 Monday's current year low to retest.