Published: 2026-11-03T02:45:37.000Z
Chart USD/CNH Update: Sharp bounce
1
Sharply higher as prices turned up from the 6.6425 Monday's fresh year low and wedge support to reach resistance at the 6.6700 congestion
| 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 | 6.6700 | congestion | S4 | 6.5710 | * | 76.4% 2022/2025 rally |
Asterisk denotes strength of level
02:35 GMT - Sharply higher as prices turned up from the 6.6425 Monday's fresh year low and wedge support to reach resistance at the 6.6700 congestion. Bounce see prices unwinding deep oversold daily and weekly studies and suggest room for stronger gains to retrace losses from the 6.7260 high of September to the upper wedge pattern at 6.6850. Break here will open up room to strong resistance at 6.6910 low of September and the 6.7000 figure. Meanwhile, support at the 6.6425 low should now underpin and sustain corrective bounce.