Published: 2025-11-05T03:19:27.000Z
Chart USD/CNH Update: Edging higher from 7.0885 low
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Break above the 7.1160 resistance see prices extending gains from the 7.0885 low
| Level | Imp | Comment | Level | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 7.1800 | * | congestion | S1 | 7.1160 | * | Aug low | |
| R3 | 7.1650 | * | congestion | S2 | 7.1000 | * | figure | |
| R2 | 7.1500/35 | ** | congestion, Oct high | S3 | 7.0885 | * | 29 Oct low | |
| R1 | 7.1440 | Jul low | S4 | 7.0850 | ** | 17 Sep YTD low |
Asterisk denotes strength of level
03:15 GMT - Break above the 7.1160 resistance see prices extending gains from the 7.0885 low. Positive daily studies keep pressure on the upside and see room to resistance at 7.1440 then the 7.1500/35, October high. The latter is expected to cap and lower high sought for pullback later to retest support at 7.1160 low of August. Would take break here to return focus to the downside and expose the 7.0885/7.0850, November/September lows to retest. Below here will extend losses from the April high and see room to 7.0800, 76.4% Fibonacci level.