Published: 2025-08-26T03:05:03.000Z
Chart USD/CNH Update: Weighing on 7.1500/7.1440 lows
Technical Analyst
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Extending break of the 7.1800 level last week to retest support at the 7.1500 level
| Level | Imp | Comment | Level | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 7.2000 | ** | congestion | S1 | 7.1500 | * | congestion | |
| R3 | 7.1930 | * | 20 Aug high | S2 | 7.1440 | ** | 24 Jul YTD low | |
| R2 | 7.1800 | * | congestion | S3 | 7.1200 | * | congestion | |
| R1 | 7.1700 | * | congestion | S4 | 7.1000 | * | figure, congestion |
Asterisk denotes strength of level
03:00 GMT - Extending break of the 7.1800 level last week to retest support at the 7.1500 level. Daily and weekly studies have turned negative and highlights risk for break here and the 7.1440 low to extend the broader losses from the 7.4290, April current year high. Break here will further retrace the September 2024/April rally and see room to the 7.1200/7.1000 area. Meanwhile, resistance is lowered to 7.1700/7.1800 congestion area which is expected to cap and sustain losses from the 7.2240 high of 1st August.