Published: 2026-11-10T02:47:04.000Z
Chart USD/CNH Update: Consolidating, scope for stronger bounce
1
Drift lower from 6.6855 high of last week see prices consolidating at the 6.6650/6.6600 area
| Level | Imp | Comment | Level | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 6.7260 | ** | Sep high | S1 | 6.6650 | 4 Nov low | ||
| R3 | 6.7000 | * | figure, congestion | S2 | 6.6425 | ** | 2 Nov YTD low | |
| R2 | 6.6910 | ** | Sep low | S3 | 6.6160 | * | Jun 2022 low | |
| R1 | 6.6855 | * | 4 Nov high | S4 | 6.6000 | ** | figure |
Asterisk denotes strength of level
02:45 GMT - Drift lower from 6.6855 high of last week see prices consolidating at the 6.6650/6.6600 area. Daily studies are mixed but consolidation here is expected to give way to renewed buying interest later. Above the 6.6855 high will see room to strong resistance at 6.6910 September low which extend to the 6.7000 figure. Break here, if seen, will see room to the 6.7260 September swing high. Meanwhile, support is at the 6.6650/6.6600 congestion area. Below here will expose the 6.6425 current year low of 2 November to retest.