Published: 2025-12-29T14:25:38.000Z
Chart USD/CNH Update: Pressuring support at 7.0000
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Anticipated selling interest has reached strong support at 7.0000
| Level | Imp | Comment | Level | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 7.0850 | ** | congestion, Sep low | S1 | 7.0000 | ** | figure | |
| R3 | 7.0730 | * | 8 Dec high | S2 | 6.9710 | ** | Sep 2024 year low | |
| R2 | 7.0500/40 | * | congestion, 3 Dec low | S3 | 6.9645 | * | 2 May 2023 high | |
| R1 | 7.0300 | * | congestion | S4 | 6.9500 | * | congestion |
Asterisk denotes strength of level
14:20 GMT - Anticipated selling interest has reached strong support at 7.0000, where flattening oversold daily stochastics are prompting short-term reactions. The daily Tension Indicator is under pressure, highlighting room for a break and continuation of April losses towards the 6.9710, September 2024 year low. But mixed weekly charts are expected to limit any initial tests in renewed consolidation Meanwhile, resistance remains at congestion around 7.0300. A close above here, if seen, will help to stabilise price action and prompt consolidation beneath further congestion around 7.0500.