Published: 2026-10-19T02:42:19.000Z
Chart USD/CNH Update: Extending losses
1
Prices remains under pressure to extend break of the 6.6910 September low and see the 6.6800 level now within reach
| Level | Imp | Comment | Level | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 6.7400 | * | 7 Aug low, congestion | S1 | 6.6800 | figure | ||
| R3 | 6.7250 | * | congestion | S2 | 6.6700 | ** | 2023 year low | |
| R2 | 6.7000 | * | figure | S3 | 6.6500 | * | congestion | |
| R1 | 6.6910 | ** | Sep low | S4 | 6.6160 | * | Jun 2022 low |
Asterisk denotes strength of level
02:40 GMT - Prices remains under pressure to extend break of the 6.6910 September low and see the 6.6800 level now within reach. Below this will see room for extension to strong support at the 6.6700, 2023 year low. Lower still, will see room to 6.6500 congestion. However, bullish divergence on both the daily and weekly studies caution corrective bounce. Meanwhile, resistance is lowered to the 6.6910 low of September and this extend to the 6.7000 level. Would need to regain these to ease the downside pressure and see room for stronger corrective bounce to the 6.7200/6.7250 area.