Published: 2025-10-28T03:10:30.000Z
Chart USD/CNH Update: Under pressure
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Under pressure, as prices extend pullback from the 7.1500/35 highs
| Level | Imp | Comment | Level | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 7.1650 | * | congestion | S1 | 7.1000 | * | congestion | |
| R3 | 7.1500/35 | ** | congestion, 8 Oct high | S2 | 7.0850 | ** | 17 Sep YTD low | |
| R2 | 7.1325 | * | 17 Oct high | S3 | 7.0800 | * | 76.4% Sep 2024/Apr rally | |
| R1 | 7.1160 | * | Aug low, congestion | S4 | 7.0700 | * | congestion |
Asterisk denotes strength of level
03:10 GMT - Under pressure, as prices extend pullback from the 7.1500/35 highs. Break of the 7.1160 support see prices reaching the 7.1000 congestion but focus has turned to the 7.0850, September current year low. Below the latter will further retrace the September 2024/April rally and see room to the 7.0800, 76.4% Fibonacci level. Meanwhile, resistance is lowered to the 7.1160 congestion which is expected to cap and sustain losses from the 7.1535, 8 October corrective high.