Published: 2025-10-15T02:52:59.000Z
Chart USD/CNH Update: Leaning lower within 7.1500/7.1200 area
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Leaning lower in choppy trade 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
02:45 GMT - Leaning lower in choppy trade within the 7.1500/7.1200 area with overbought daily studies threatening pullback to retrace the September/October rally. Break of the 7.1200/7.1100 area will return focus to the 7.1000 congestion and 7.0850 current year low. Below this will see deeper pullback to retrace the September/April rally. Meanwhile, resistance at the 7.1500 level is expected to cap. Clearance, will confirm a bottom pattern at the 7.0850 low and open up room for stronger gains to 7.1650/80 area.