Published: 2025-10-09T03:12:31.000Z
Chart USD/CNH Update: Settled back from the 7.1500 resistance
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No follow-through on break above the 7.1500 resistance as prices settled back to unwind overbought intraday and daily studies
| Level | Imp | Comment | Level | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 7.2000 | ** | congestion | S1 | 7.1200 | ** | 19 Sep high | |
| R3 | 7.1900 | * | congestion | S2 | 7.1000 | * | congestion | |
| R2 | 7.1650/80 | * | congestion, 14 Aug low | S3 | 7.0850 | ** | 17 Sep YTD low | |
| R1 | 7.1500 | ** | congestion | S4 | 7.0800 | * | 76.4% Sep 2024/Apr rally |
Asterisk denotes strength of level
03:10 GMT - No follow-through on break above the 7.1500 resistance as prices settled back to unwind overbought intraday and daily studies. Pullback see prices consolidating gains from the 7.0850 low and giving way to fresh buying interest later. Break of the 7.1500 level will see room for stronger gains to retrace the April/September losses to the 7.1650/80 resistance and 7.1900/7.200 congestion area. Meanwhile, support at the 7.1200 congestion is expected to underpin. Below this will return focus to the downside for retest of 7.1000 level and 7.0850 low.