Published: 2025-10-10T04:42:39.000Z
Chart USD/CNH Update: Extending pullback from 7.1500 resistance
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Under pressure following rejection from the 7.1500 resistance as prices unwind the overbought intraday and daily studies
| Level | Imp | Comment | Level | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 7.2000 | ** | congestion | S1 | 7.1200 | ** | 19 Sep high | |
| R3 | 7.1900 | * | congestion | S2 | 7.1000 | * | congestion | |
| R2 | 7.1650/80 | * | congestion, 14 Aug low | S3 | 7.0850 | ** | 17 Sep YTD low | |
| R1 | 7.1500 | ** | congestion | S4 | 7.0800 | * | 76.4% Sep 2024/Apr rally |
Asterisk denotes strength of level
04:40 GMT - Under pressure following rejection from the 7.1500 resistance as prices unwind the overbought intraday and daily studies. Pullback see support at the 7.1200/7.1100 area which is expected to underpin. Failure to hold this will fade the upside pressure and return focus to the 7.1000 congestion and 7.0850 low. Meanwhile, resistance is at the 7.1500 congestion. Would take break here to confirm a bottom pattern at the 7.0850 low and open up room for stronger gains to retrace the April/September losses to the 7.1650/80 resistance and 7.1900/7.200 congestion area.