Published: 2025-11-26T06:26:23.000Z
Chart USD/CNH Update: Extending losses to fresh year low
-
Extending break to fresh year low through the 7.0850 low of September as prices extend losses from the 7.4290, April current year high
| Level | Imp | Comment | Level | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 7.1500/35 | ** | congestion, Oct high | S1 | 7.0700 | * | congestion | |
| R3 | 7.1385 | * | 5 Nov high | S2 | 7.0350 | * | congestion | |
| R2 | 7.1200 | * | congestion | S3 | 7.0000 | ** | figure | |
| R1 | 7.1000 | * | congestion | S4 | 6.9710 | ** | Sep 2024 year low |
Asterisk denotes strength of level
06:20 GMT - Extending break to fresh year low through the 7.0850 low of September as prices extend losses from the 7.4290, April current year high. Negative daily and weekly studies keeps pressure on the downside and nearby will see room to the 7.0700 and 7.0350 congestion from October 2024. Below this area will turn focus to the 7.0000 figure then the 6.9710, September 2024 year low. Meanwhile, resistance is lowered to the 7.1000/7.1200 congestion area which is expected to cap and sustain losses from the 7.1500/35, October swing high.