Published: 2025-10-29T03:18:35.000Z
Chart USD/CNH Update: Under pressure, 7.0850 low at risk
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Under pressure, as prices extend pullback from the 7.1500/35 highs
| 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
03:10 GMT - Under pressure, as prices extend pullback from the 7.1500/35 highs. Break of the 7.1000 level expose the 7.0850 September current year low to retest. 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. Below this will turn focus to 6.9710, 2024 year low. Meanwhile, resistance at the 7.1160 congestion is expected to cap and limit corrective bounce.