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Published: 2025-10-07T03:14:56.000Z

Chart USD/CNH Update: Consolidating retest of 7.1500 resistance

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Settled back from retest of resistance at 7.1500 congestion as prices unwind overbought intraday studies

 LevelImpComment  LevelImpComment
R47.2000**congestion                    S17.1200**19 Sep high
R37.1900*congestion S27.1000*congestion
R27.1650/80*congestion, 14 Aug low S37.0850**17 Sep YTD low
R17.1500**congestion S47.0800*76.4% Sep 2024/Apr rally

Asterisk denotes strength of level

03:10 GMT - Settled back from retest of resistance at 7.1500 congestion as prices unwind overbought intraday studies. Would take break here to confirm a bottom pattern in place at the 7.0850 September current year low and see room for stronger gains to retrace the April/September losses. Higher will turn focus to the 7.1650/80 resistance. Meanwhile, support at the 7.1200 congestion is expected to underpin. Failure here will return focus to the downside for retest of the 7.0850 low.

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Topics
USD/CNH-TA
EM-Technical
Technical Analysis

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