Published: 2025-11-11T03:56:16.000Z
Chart USD/CNH Update: Drifting narrowly above 7.1160 support
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Little change, as prices drift narrowly above the 7.1160 support
| Level | Imp | Comment | Level | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 7.1800 | * | congestion | S1 | 7.1160 | * | Aug low | |
| R3 | 7.1650 | * | congestion | S2 | 7.1000 | * | figure | |
| R2 | 7.1500/35 | ** | congestion, Oct high | S3 | 7.0885 | * | 29 Oct low | |
| R1 | 7.1385 | 5 Nov high | S4 | 7.0850 | ** | 17 Sep YTD low |
Asterisk denotes strength of level
03:50 GMT - Little change, as prices drift narrowly above the 7.1160 support to consolidate pullback from the 7.1385 high of last week. Daily studies are unwinding overbought readings and suggest scope for break of the 7.1160, August low. Below this will return focus to the downside for retest of the 7.1000 level then the 7.0885/7.0850, November/September lows. Meanwhile, resistance at the 7.1385/7.1400 area is expected to cap. Would take break to open up room for retest of strong resistance at the 7.1500/35 congestion and October lower high.