Published: 2026-11-04T03:07:31.000Z
Chart USD/CNH Update: Extending Monday's bounce
1
Sharply higher above resistance at the 6.6700 congestion as prices extend bounce from Monday's fresh year low at 6.6425
| Level | Imp | Comment | Level | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 6.7260 | ** | Sep high | S1 | 6.6425 | ** | 2 Nov YTD low | |
| R3 | 6.7000 | * | figure, congestion | S2 | 6.6160 | * | Jun 2022 low | |
| R2 | 6.6910 | ** | Sep low | S3 | 6.6000 | ** | figure | |
| R1 | 6.6850 | * | wedge top | S4 | 6.5710 | * | 76.4% 2022/2025 rally |
Asterisk denotes strength of level
03:00 GMT - Sharply higher above resistance at the 6.6700 congestion as prices extend bounce from Monday's fresh year low at 6.6425. Daily and weekly studies are tracking higher from oversold reading and see room to nearby resistance at the 6.6850 wedge top then the strong resistance at 6.6910 September low and extending to the 6.7000 figure. Clearance here, will see room to the 6.7260 September swing high. Meanwhile, support is raised to the 6.6700 level which should underpin and sustain bounce from the 6.6425 low.