Forex - Chart USD/CNY 1-Yr Update: Retains downside pressure


Published at 01:36 (GMT) 13 Jan

  

Chart USD/CNY 1-Yr Update: Retains downside pressure (XLYC7801)

13 Jan USD/CNY 1-Yr NDF Daily

01::06 GMT - The move below 6.3115 support last session keeping the broader downmove from 6.3705 high in motion with focus shifting towards the 23.6% retracement mark at 6.3055 then stronger 6.3020 and below latter will unlease another round of strong selling. [W.T]
R5: 6.3340 * 6/8 Jan highs
R4: 6.3275 9 Jan high
R3: 6.3260 intraday level
R2: 6.3178 intraday level
R1: 6.3145 12 Jan high

S1: 6.3055 23.6% of 6.0950-6.3705 up-leg
S2: 6.3020 * 11 Dec low
S3: 6.2975 9 Dec low
S4: 6.2815 8 Dec low
S5: 6.2765 * 12 Nov high, break

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