Published: 2025-10-30T03:00:18.000Z
Chart USD/CNH Update: Consolidating above 7.0850 low
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Steadied at the 7.0885 low but pressure remains on the downside and see room for retest of the 7.0850, September current year low
| Level | Imp | Comment | Level | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 7.1650 | * | congestion | S1 | 7.0850 | ** | 17 Sep YTD low | |
| R3 | 7.1500/35 | ** | congestion, 8 Oct high | S2 | 7.0800 | * | 76.4% Sep 2024/Apr rally | |
| R2 | 7.1325 | * | 17 Oct high | S3 | 7.0700 | * | congestion | |
| R1 | 7.1160 | * | Aug low, congestion | S4 | 7.0500 | * | congestion |
Asterisk denotes strength of level
03:00 GMT - Steadied at the 7.0885 low but pressure remains on the downside and see room for retest of the 7.0850, September current year low. Oversold intraday and daily studies suggest reaction here likely. Break here will further extend losses from the April high and see room to the 7.0800, 76.4% Fibonacci level. Lower still, will see extension to the 7.0700/7.0500 congestion then the 7.0000 figure. Meanwhile, resistance at the 7.1160 congestion is expected to cap and limit corrective bounce.