Published: 2025-06-26T05:37:10.000Z
Chart USD/CNH Update: Extending losses to fresh year low
Technical Analyst
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Prices remains under pressure with break of the 7.1615 low extending losses from the April current year high to reach towards the 7.1500 support
| Level | Imp | Comment | Level | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 7.2500 | * | congestion | S1 | 7.1500 | * | Oct high | |
| R3 | 7.2200 | ** | congestion | S2 | 7.1460 | * | 61.8% Sep/Arp rally | |
| R2 | 7.2000 | * | 11 Jun high, congestion | S3 | 7.1200 | * | congestion | |
| R1 | 7.1800 | * | 13 May low, congestion | S4 | 7.1000 | ** | congestion |
Asterisk denotes strength of level
05:35 GMT - Prices remains under pressure with break of the 7.1615 low extending losses from the April current year high to reach towards the 7.1500 support. Daily studies are tracking lower and threaten break here to further extend losses to the 7.1460, 61.8% Fibonacci level. However, oversold daily and weekly studies caution corrective bounce. Meanwhile, resistance is lowered to 7.1800 congestion which is expected to cap. Would need to clear this to ease the downside pressure and see room for stronger corrective bounce to 7.2000 resistance.