Published: 2025-09-26T04:42:41.000Z
Chart USD/CNH Update: Consolidating test of 7.1440/7.1500 resistance
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Break above the 7.1200 resistance has seen prices extending gains from the 7.0850 current year low to reach strong resistance at the 7.1440/7.1500, July lows
| 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 - Break above the 7.1200 resistance has seen prices extending gains from the 7.0850 current year low to reach strong resistance at the 7.1440/7.1500, July lows. Both daily and weekly studies are tracking higher and suggest consolidation here to give way to break later to extend corrective gains to the 7.1650/80 resistance. Gains are expected to give way to renewed selling pressure later. Would take break of support at the 7.1200 level to return focus to the downside for retest of the 7.1000 and 7.0850 low.