Published: 2026-10-28T03:52:04.000Z
Chart USD/CNH Update: Edged up in range from fresh year low
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Steadied at the 6.6637 low as prices unwind oversold intraday studies
| Level | Imp | Comment | Level | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 6.7400 | * | 7 Aug low, congestion | S1 | 6.6637 | * | 27 Oct YTD low | |
| R3 | 6.7250 | * | congestion | S2 | 6.6500 | * | congestion | |
| R2 | 6.7000 | * | figure | S3 | 6.6160 | * | Jun 2022 low | |
| R1 | 6.6910 | ** | Sep low | S4 | 6.6000 | ** | figure |
Asterisk denotes strength of level
04:00 GMT - Steadied at the 6.6637 low as prices unwind oversold intraday studies. Daily chart are stretched as well but bearish momentum keep pressure on the downside and further losses cannot be ruled out to the 6.6500 congestion next. However, bullish divergence on weekly studies caution corrective bounce with resistance starting at the 6.6910 low of September and extending to 6.7000 level. Would need to regain these to ease the downside pressure and open up room for stronger corrective bounce to the 6.7200/6.7250 area and the 6.7400 level.