Published: 2025-10-14T04:44:18.000Z
Chart USD/CNH Update: Extend consolidation within 7.1500/7.1200 area
-
Little change, as prices extend choppy trade within the 7.1500/7.1200 area
| 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
04:40 GMT - Little change, as prices extend choppy trade within the 7.1500/7.1200 area. Mixed daily studies suggest consolidation likely to extend though potential is seen for break of the7.1500 resistance to confirm a bottom pattern at the 7.0850 low. Clearance will open up room for stronger gains to retrace the April/September losses. Meanwhile, support at the 7.1200/7.1100 area is expected to underpin and only break here will return focus to the downside for retest of the 7.1000 congestion and 7.0850 low.