Published: 2025-10-03T03:27:44.000Z
Chart USD/CNH Update: Extend consolidation, room for higher later
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Still little change, as prices remains in consolidation within the 7.1500/7.1200 area
| 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
04:25 GMT - Still little change, as prices remains in consolidation within the 7.1500/7.1200 area. Positive daily and weekly studies support scope for retest of the 7.1500 high and where clearance will open up room for stronger gains to retrace the April/September losses to the 7.1650 resistance. Clearance here will open up room for extension to the 7.1900/7.2000 area. Meanwhile, support at 7.1200 is expected to underpin and sustain bounce from the 7.0850, September current year low.