Chart USD/CNH Update: Extending consolidation - daily studies under pressure

November 19, 2024 4:53 PM UTC

Still little change, as prices extend consolidation beneath minor resistance at 7.2500

Chart USD/CNH Update: Consolidating - studies turning down

November 18, 2024 4:49 PM UTC

Little change, as prices extend consolidation following the test of minor resistance at 7.2500

Chart USD/CNH Update: Leaning lower

November 15, 2024 5:43 PM UTC

Little change, as prices extend consolidation just beneath minor resistance at 7.2500

Chart USD/CNH Update: Consolidating test of 7.2600 - studies rising

November 14, 2024 5:16 PM UTC

The anticipated test of resistance at the 7.2600 break level is being pushed back from 7.2660

Chart USD/CNH Update: Choppy trade - studies rising

November 13, 2024 5:22 PM UTC

The anticipated minor pullback has bounced from above 7.2100

Chart USD/CNH Update: Extending September gains

November 12, 2024 5:13 PM UTC

Cautious trade around 7.2000 has given way to a sharp break higher

Chart USD/CNH Update: Pressuring the 7.2000 level

November 11, 2024 2:39 AM UTC

Rebound from the 7.1415 low see prices unwinding the oversold intraday studies to retest the 7.2000 level

Chart USD/CNH Update: Consolidating, but room to extend losses from 7.2130 high

November 8, 2024 6:19 AM UTC

Turned up from the 7.1415 low to consolidate sharp drop from the 7.2130 high as prices unwind the oversold intraday studies

Chart USD/CNH Update: Lower in consolidation from the 7.2100 high

November 7, 2024 6:15 AM UTC

Rally through the 7.1500/7.1650 resistance has seen sharp extension to reach the 7.2100 high

Chart USD/CNH Update: Extending gains

October 29, 2024 5:58 AM UTC

Consolidation below the 7.1500 congestion has given way to break to further retrace the July/September losses

Chart USD/CNH Update: Retest the 7.1500 resistance, scope for break

October 28, 2024 3:06 AM UTC

Clear break above the 7.1410 Fibonacci retracement has seen gains to tag the 7.1500 congestion

Chart USD/CNH Update: Shallow pullback from the 7.1410/7.1500 resistance

October 25, 2024 4:36 AM UTC

Little change, as prices extend consolidation below resistance at the 7.1410/7.1500 area

Chart USD/CNH Update: Lower in consolidation below the 7.1410/7.1500 resistance

October 24, 2024 5:22 AM UTC

Little change, as prices extend consolidation below strong resistance at the 7.1410/7.1500, Fibonacci retracement and congestion area

Chart USD/CNH Update: Extending consolidation below the 7.1410/7.1500 resistance

October 23, 2024 6:09 AM UTC

Little change, as prices extend consolidation below the 7.1410/7.1500, Fibonacci retracement and congestion area

Chartbook: Chart USD/CNH: Retracing the strong 2023 rally

September 20, 2024 9:02 AM UTC

Topped out at the 7.3100 high at the start of Q3 and steep drop from there has since retraced all of the gains from the January low

Chart USD/CNH Update: Extending gains

December 11, 2023 6:03 AM UTC

06:00 GMT - Consolidation below the 7.1770 high has given way to break higher to extend gains from the Nov low to approach the 7.2000 level. Clearance here will see room for continuation higher to retrace losses from the Oct high towards resistance at 7.2245 and 7.2400 level. Corrective gains are ex