Published: 2025-10-13T05:41:23.000Z
Chart USD/CNH Update: Extending consolidation below 7.1500 resistance
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Settled back in consolidation from test of 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
05:40 GMT - Settled back in consolidation from test of 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. Would take break here to return focus to the downside for retest of support at the 7.1000 congestion and 7.0850 low. Meanwhile, resistance at the 7.1500 congestion is expected to cap. 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.