Published: 2026-10-29T05:03:32.000Z
Chart USD/CNH Update: Edging lower
1
Pressure remains on the downside will prices edging to fresh year low at 6.6580
| Level | Imp | Comment | Level | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 6.7260 | ** | Sep high | S1 | 6.6580 | intraday low | ||
| R3 | 6.7000 | * | figure, congestion | S2 | 6.6500 | * | congestion | |
| R2 | 6.6910 | ** | Sep low | S3 | 6.6160 | * | Jun 2022 low | |
| R1 | 6.6700 | congestion | S4 | 6.6000 | ** | figure |
Asterisk denotes strength of level
05:00 GMT - Pressure remains on the downside will prices edging to fresh year low at 6.6580. Daily chart are deep into oversold areas but bearish momentum keep pressure on the downside and see the 6.6500 congestion within reach. Below this will see room to 6.6160 low of June 2022 and the 6.6000 figure. Bullish divergence remains on weekly studies and caution corrective bounce with resistance starting at the 6.6700 congestion. Would need lift over this to ease the downside pressure and see room for stronger bounce to 6.6910/6.7000 September low and the 6.7000 level.