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
| Level | Imp | Comment | Level | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 7.2000 | ** | congestion | S1 | 7.1200 | ** | 19 Sep high | |
| R3 | 7.1900 | * | congestion | S2 | 7.1000 | * | congestion | |
| R2 | 7.1650/80 | * | congestion, 14 Aug low | S3 | 7.0850 | ** | 17 Sep YTD low | |
| R1 | 7.1500 | ** | congestion | S4 | 7.0800 | * | 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.