Published: 2026-01-13T04:42:31.000Z
Chart USD/CNH Update: Under pressure, but stretched
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Consolidation above 6.9663 low has given way to selling pressure to reach fresh low at 6.9630
| Level | Imp | Comment | Level | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 7.0500/40 | ** | congestion, 3 Dec low | S1 | 6.9630 | 12 Jan low | ||
| R3 | 7.0300 | * | congestion | S2 | 6.9500 | * | congestion | |
| R2 | 6.9960/00 | ** | 8 Jan high, congestion | S3 | 6.9300 | * | congestion | |
| R1 | 6.9800 | * | congestion | S4 | 6.9000 | ** | congestion |
Asterisk denotes strength of level
04:35 GMT - Consolidation above 6.9663 low has given way to selling pressure to reach fresh low at 6.9630. Daily and weekly studies remains in oversold area but further losses cannot be ruled out. Lower will further extend losses from the April 2025 year high at 7.4290 and see room for continuation to support at the 6.9500/6.9300 congestion area. Meanwhile, resistance is lowered to the 6.9800 congestion which extend to the 6.9960 high of last week. Would take break of these to ease the downside pressure and see room for corrective bounce to the 7.0300 congestion and strong resistance at 7.0500/40 area.