Published: 2025-12-11T03:27:47.000Z
Chart USD/CNH Update: Weighing on 7.0540 current year low
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Under pressure, as shallow bounce from the 7.0540 low gives way to retest here and threaten break to fresh year low
| Level | Imp | Comment | Level | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 7.1200 | ** | congestion | S1 | 7.0540/00 | ** | 3 Dec YTD low, congestion | |
| R3 | 7.1000 | * | congestion | S2 | 7.0350 | * | congestion | |
| R2 | 7.0800/50 | * | congestion, Sep low | S3 | 7.0000 | ** | figure | |
| R1 | 7.0730 | * | 8 Dec high | S4 | 6.9710 | ** | Sep 2024 year low |
Asterisk denotes strength of level
03:30 GMT - Under pressure, as shallow bounce from the 7.0540 low gives way to retest here and threaten break to fresh year low. Below the 7.0500 level will extend losses from the April current year high and see room for extension to the 7.0350 congestion area from October 2024. Lower still, will see potential to the 7.0000 figure but focus will turn to the 6.9710, September 2024 year low. Meanwhile, resistance at the 7.0730 is expected to cap. Only above here will open up room for stronger corrective bounce to strong resistance at the 7.0800/50, congestion and September low.