Published: 2025-10-02T04:30:34.000Z
Chart USD/CNH Update: Consolidating, room for higher later
1
Little change, as prices extend consolidation within the 7.1500/7.1200 area
| 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
04:25 GMT - Little change, as prices extend consolidation within the 7.1500/7.1200 area. Daily studies are mixed but positive weekly studies suggest this giving way to renewed buying interest later. Above the 7.1500 resistance will open up room for stronger gains to retrace the April/September losses to the 7.1650 resistance. Beyond this will open up stronger gains to the 7.1900/7.2000 area. Meanwhile, support at 7.1200 should underpin and sustain bounce from the 7.0850, September current year low.