Published: 2026-11-02T03:13:39.000Z
Chart USD/CNH Update: Extending losses
1
Prices remains under pressure with losses reaching fresh year low at 6.6495 low on Friday
| Level | Imp | Comment | Level | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 6.7260 | ** | Sep high | S1 | 6.6495 | ** | 30 Oct YTD low | |
| R3 | 6.7000 | * | figure, congestion | S2 | 6.6160 | * | Jun 2022 low | |
| R2 | 6.6910 | ** | Sep low | S3 | 6.6000 | ** | figure | |
| R1 | 6.6700 | congestion | S4 | 6.5710 | * | 76.4% 2022/2025 rally |
Asterisk denotes strength of level
03:15 GMT - Prices remains under pressure with losses reaching fresh year low at 6.6495 low on Friday. Daily studies are deep into oversold areas but bearish momentum keep pressure on the downside and see the wedge support at 6.6470 within reach. Break here will see room for further losses to 6.6160 low of June 2022 and the 6.6000 figure. Bullish divergence remains on weekly studies and caution corrective bounce with resistance starting at 6.6700 congestion. Above this will ease the downside pressure and see room for stronger bounce to 6.6910/6.7000 September low and the 6.7000 level.