Published: 2025-11-17T04:52:54.000Z
Chart USD/CNH Update: Turned up in consolidation above 7.0885/7.0850 lows
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Turned up in consolidation above support at the 7.0885/7.0850 lows as prices unwind the oversold intraday and daily studies
| Level | Imp | Comment | Level | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 7.1650 | * | congestion | S1 | 7.0885 | * | Oct low | |
| R3 | 7.1500/35 | ** | congestion, Oct high | S2 | 7.0850 | ** | 17 Sep YTD low | |
| R2 | 7.1385 | * | 5 Nov high | S3 | 7.0800 | * | 76.4% Sep 2024/Apr rally | |
| R1 | 7.1160 | * | Aug low, congestion | S4 | 7.0600 | * | congestion |
Asterisk denotes strength of level
04:50 GMT - Turned up in consolidation above support at the 7.0885/7.0850 lows as prices unwind the oversold intraday and daily studies. Above the 7.1000 level opens up room for stronger bounce to resistance at 7.1160, August low. Clearance here will set up scope for retest of the 7.1385 and 7.1535, 5 November and October highs. This area expected to cap and give way to renewed selling pressure later for retest of the 7.0885 and 7.0850 lows. Break will extend the April losses and see room the 7.0800 level and 76.4% Fibonacci level.