Published: 2025-11-03T03:31:37.000Z
Chart USD/CNH Update: Room to extend bounce from 7.0885 low
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Break above the 7.1160 resistance has seen gains to 7.1260 high as prices unwind oversold daily studies
| Level | Imp | Comment | Level | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 7.1800 | * | congestion | S1 | 7.1160 | * | Aug low | |
| R3 | 7.1650 | * | congestion | S2 | 7.1000 | * | figure | |
| R2 | 7.1500/35 | ** | congestion, Oct high | S3 | 7.0885 | * | 29 Oct low | |
| R1 | 7.1325 | * | 17 Oct high | S4 | 7.0850 | ** | 17 Sep YTD low |
Asterisk denotes strength of level
03:25 GMT - Break above the 7.1160 resistance has seen gains to 7.1260 high as prices unwind oversold daily studies. Higher will see room to resistance at 7.1325 then the strong resistance at 7.1500/35, congestion and October high. The latter is expected to cap and lower high sought to further pressure the downside later. Meanwhile support is raised to 7.1160 low of August which should underpin. Break here will return focus to the downside and see room for retest of the 7.0885/7.0850 lows. Break here will extend losses from the April high and see room to 7.0800, 76.4% Fibonacci level.