Published: 2025-08-27T04:18:39.000Z
Chart USD/CNH Update: Consolidating test of 7.1500/7.1440 lows
Technical Analyst
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Under pressure as prices extend extending break of the 7.1800 level to retest support at the 7.1500/7.1440, July lows
| Level | Imp | Comment | Level | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 7.2000 | ** | congestion | S1 | 7.1500 | * | congestion | |
| R3 | 7.1930 | * | 20 Aug high | S2 | 7.1440 | ** | 24 Jul YTD low | |
| R2 | 7.1800 | * | congestion | S3 | 7.1200 | * | congestion | |
| R1 | 7.1700 | * | congestion | S4 | 7.1000 | * | figure, congestion |
Asterisk denotes strength of level
04:15 GMT - Under pressure as prices extend extending break of the 7.1800 level to retest support at the 7.1500/7.1440, July lows. Daily studies are stretched and suggest consolidation here likely before break to to extend the broader losses from the 7.4290, April current year high. Lower will further retrace the September 2024/April rally and see room to the 7.1200/7.1000 area. Meanwhile, resistance is lowered to 7.1700/7.1800 congestion area which is expected to cap and sustain losses from the 7.2240 high of 1st August.