Published: 2026-10-30T03:11:57.000Z
Chart USD/CNH Update: Still edging lower
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Still edging lower with prices reaching fresh year low at 6.6535
| Level | Imp | Comment | Level | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 6.7260 | ** | Sep high | S1 | 6.6535 | 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
03:10 GMT - Still edging lower with prices reaching fresh year low at 6.6535. Daily studies are deep into oversold areas but bearish momentum keep pressure on the downside and see the 6.6500 congestion and wedge support now within reach. Break here will see room for further losses to 6.6160 low of June 2022 and the 6.6000 figure. Bullish divergence continues to build on weekly studies and caution corrective bounce with resistance starting at 6.6700 congestion. Above this will ease the downside pressure and see room for stronger bounce to 6.6910/6.7000 September low and the 6.7000 level.