Published: 2025-09-15T04:46:59.000Z
Chart USD/CNH Update: Consolidating at 7.1120 low
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Edged up from the 7.1120 low as prices consolidate pullback from resistance at the 7.1440/7.1500 area
| Level | Imp | Comment | Level | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 7.1680 | * | 14 Aug low | S1 | 7.1120 | ** | 11 Sep YTD low | |
| R3 | 7.1500 | ** | congestion | S2 | 7.1000 | ** | congestion | |
| R2 | 7.1440 | * | Jul low | S3 | 7.0870 | Nov 2024 low | ||
| R1 | 7.1300 | congestion | S4 | 7.0800 | * | 76.4% Sep/Apr rally |
Asterisk denotes strength of level
04:45 GMT - Edged up from the 7.1120 low as prices consolidate pullback from resistance at the 7.1440/7.1500 area. However, the downside remains vulnerable and lower will see room to extend losses from the 7.4290 April current year high to target strong support at the 7.1000 congestion. Below this will see room to the 7.0800, 76.4% Fibonacci level. Meanwhile, resistance is lowered to 1.1300 congestion which is expected to cap. Regaining this will open up room for stronger corrective bounce to retest strong resistance at the 7.1440/7.1500 area.