Published: 2025-08-25T04:54:45.000Z
Chart USD/CNH Update: Focus return to 7.1500/7.1440 lows
Technical Analyst
1
Break the 7.1680 low of last week return focus to the downside
| Level | Imp | Comment | Level | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 7.2200/40 | ** | congestion, 1 Aug high | S1 | 7.1500 | * | congestion | |
| R3 | 7.2000 | * | congestion | S2 | 7.1440 | ** | 24 Jul YTD low | |
| R2 | 7.1930 | * | 20 Aug high | S3 | 7.1200 | * | congestion | |
| R1 | 7.1800 | * | congestion | S4 | 7.1000 | * | figure, congestion |
Asterisk denotes strength of level
04:50 GMT - Consolidation above the 7.1800 level gave way to selling pressure and follow-through to break the 7.1680 low of last week return focus to the downside. Daily and weekly studies have turned negative and suggest support at 7.1500 congestion and 7.1440 low back in focus. Break here will further retrace the September/April and see room to the 7.1200/7.1000 area. Meanwhile, resistance is lowered to 7.1800 congestion which is expected to cap and sustain losses from the 7.2240 high of 1st August.