USD/CNH Technical Analysis: Support, Resistance & Pivot Today (Oct 28, 2026)
What drives the technical score
- Intraday view is bullish
- Price below the 20-day average
- Daily RSI 24, weak momentum
- Daily MACD below its signal line
- 5-day change -0.1%, little net move
- Daily view is bearish
- Price below the 50-day average
- 20-day average below the 50-day
- Daily MACD below zero
- 20-day change -0.6%, little net move
- Weekly MACD above its signal line
- Price below the 40-week average
- 10-week average below the 40-week
- 6-month down 2.4%
- Weekly RSI 27, weak momentum
The technical score combines several pieces of technical evidence, including moving-average position, momentum, recent performance, our level views and active chart patterns; more filled segments mean the evidence agrees more strongly. Support and resistance are the nearest levels from the intraday and short-term views. For reference only; not investment advice.
USD/CNH: Target level as a potential turning point
Our preference
Above 6.6610, look for a move towards 6.6686.
Alternative scenario
Below 6.6610, expect 6.6573 and 6.6551.
Comment
Price is approaching our first target at 6.6686, which may trigger a pullback; a clear break above it would open the way to 6.6709. RSI is at 50 and MACD is below its signal line.
Full level ladder
| Resistance 3 | 6.6731 |
| Resistance 2 | 6.6709 |
| Resistance 1 | 6.6686 |
| Price | 6.6655 |
| Pivot | 6.6610 |
| Support 2 | 6.6573 |
| Support 3 | 6.6551 |
USD/CNH: Target level as a potential turning point
Our preference
Below 6.7130, look for a move towards 6.6509.
Alternative scenario
Above 6.7130, expect 6.7400 and 6.7561.
Comment
Price is approaching our first target at 6.6509, which may trigger a pullback; a clear break below it would open the way to 6.6348. RSI is at 23 and MACD is below its signal line.
Full level ladder
| Resistance 3 | 6.7561 |
| Resistance 2 | 6.7400 |
| Pivot | 6.7130 |
| Price | 6.6655 |
| Support 1 | 6.6509 |
| Support 2 | 6.6348 |
| Support 3 | 6.6188 |
AI market story
Updated 2026-10-28 08:18 UTC+8USD/CNH stays bearish as daily RSI falls to 23
Price is 6.6649, down 0.04% on the day, 0.14% over five days and 0.63% over 20 days, near the 20-day low of 6.6627. Daily RSI is 23 versus 28 five days ago, MACD sits below its signal with a third shrinking bar, and price trades under the 20- and 50-day averages.
Price journey: up or down lately?
It has been falling. The pair is down 0.04% on the day, 0.14% over five days and 0.63% over 20 days, with 6.6649 close to the 20-day low of 6.6627.
Trend: which way is the bigger picture pointing?
The bigger direction is lower. Price sits below the 20-day average of 6.6873 and the 50-day of 6.7022, and the daily view is bearish below the 6.7130 pivot, targeting 6.6509 then 6.6348.
Momentum: gaining or losing strength?
Momentum is weak but stabilizing short term. Daily RSI eased to 23 from 28 five days ago and MACD is below its signal with three shrinking bars, while the 30-minute view is bullish above the 6.6610 pivot.
Key levels: which prices matter next?
Watch 6.6610 and 6.6573 first; holding 6.6610 keeps the 30-minute upside toward 6.6686 and 6.6709, while 6.7130 is the daily bearish line and a break of 6.6573 opens 6.6509.
FOMC and China PMI set to lift volatility
The US FOMC rate decision lands at 02:00 on 10-29, with an average 150.8-point move and a 310.4-point maximum in the four hours after the past 21 releases, about 2.7 times normal. China's official October manufacturing PMI follows at 09:30 on 10-31, previously 50.1.
What is coming up on the calendar?
Coming up: the US FOMC rate decision at 02:00 on 10-29, Google's Q3 earnings call at 04:30 on 10-29, China's official October manufacturing PMI at 09:30 on 10-31 and the RatingDog manufacturing PMI at 09:45 on 11-02.
How much do these events usually move the price?
After FOMC the pair averaged 150.8 points and peaked at 310.4 points in four hours, about 2.7 times normal. China's official PMI averaged 124.0 points with a 279.1-point maximum, and RatingDog averaged 126.6 points with a 333.8-point maximum.
This content was generated with the assistance of AI from the Borearis Research Team's market data and analysis. For reference only; not investment advice. How we produce this content
Volatility stop
USD/CNH is below its daily short trailing stop. Short positions can reference 6.6906 (0.38% away); it only moves down. A daily close above 6.6906 signals the trend is strengthening.
Calculated from the 22-day high (low) minus (plus) 3 times the average true range on the daily chart, and it only moves in the trend's favour. A common trailing-stop method, for reference only; not investment advice.
Thick line = trailing stop (green uptrend, red downtrend); vertical line = latest trend change; last 90 daily bars
Technical picture
- Price is below the 20- and 50-day moving averages, a weak medium-term structure.
- Daily RSI is 24, oversold; rebounds are more likely after sharp drops.
- Daily MACD is below its signal line; daily momentum is down.
- Price is inside the daily Bollinger Bands (6.6572 to 6.7175).
Related economic events this week
| 10-27 22:00 | United States Oct Richmond Fed Manufacturing IndexAfter 32 past releases, USD/CNH moved 67.3 pips on average in 4 hours · max 152.9 pips | -2 |
| 10-27 22:00 | United States Oct Conference Board Consumer Confidence IndexAfter 33 past releases, USD/CNH moved 76.9 pips on average in 4 hours · max 331.0 pips | 91.7 |
| 10-29 02:00 | United States FOMC Rate Decision (Lower Bound) HighAfter 21 past releases, USD/CNH moved 150.8 pips on average in 4 hours (2.7× normal) · max 310.4 pips | 3.75 |
| 10-29 02:00 | United States FOMC Rate Decision (Upper Bound) HighAfter 21 past releases, USD/CNH moved 150.8 pips on average in 4 hours (2.7× normal) · max 310.4 pips | 4 |
| 10-29 04:30 | United States Alphabet Q3 Earnings Call High | — |
| 10-31 09:30 | China Oct Official Manufacturing PMI HighAfter 23 past releases, USD/CNH moved 124.0 pips on average in 4 hours · max 279.1 pips | — |
| 10-31 TBD | China Late Oct: Apple Intelligence China Beta Launch (Qwen Integration) High | — |
| 11-02 09:45 | China Oct RatingDog Manufacturing PMI HighAfter 33 past releases, USD/CNH moved 126.6 pips on average in 4 hours · max 333.8 pips | — |
Times in UTC+8. Grey = forecast. Full economic calendar →
News and sentiment for USD/CNH
None of the financial news we collected in the last 7 days mentioned USD/CNH directly.
Trade signals for USD/CNH
Short-term Signals 30-minute · held a few hours to a day
No recent short-term signals for USD/CNH.
All short-term signals and results →
Swing Signals 1-hour and 4-hour · held a day to a week
| Signal time | Bias | Entry | Status | R |
|---|---|---|---|---|
| Oct 28, 2026 08:00 | Bullish | 6.66500 | Open | — |
Chart patterns in play for USD/CNH
No active 15-minute to 4-hour patterns for USD/CNH right now.
FAQ
Where are USD/CNH support and resistance levels today?
Intraday resistance: 6.6686, 6.6709, 6.6731. Support: 6.6610, 6.6573, 6.6551. Pivot: 6.6610 (updated Oct 28, 2026 15:09 UTC+8).
Is USD/CNH bullish or bearish now?
Intraday: bullish. Short-term (daily): bearish. Bullish above 6.6610, targeting 6.6686 and then 6.6709.
How has USD/CNH been trading lately?
USD/CNH stays bearish as daily RSI falls to 23. Price is 6.6649, down 0.04% on the day, 0.14% over five days and 0.63% over 20 days, near the 20-day low of 6.6627. Daily RSI is 23 versus 28 five days ago, MACD sits below its signal with a third shrinking bar, and price trades under the 20- and 50-day averages.
How do I read the USD/CNH technical score?
Currently short-term bearish, medium-term bearish, long-term bearish. The technical score combines several pieces of technical evidence, such as moving-average position, momentum, recent performance, our level views and active chart patterns, into short-, intermediate- and long-term readings. More filled segments mean the evidence points the same way; neutral means bullish and bearish evidence are balanced.
Where should a stop loss go on USD/CNH?
USD/CNH is below its daily short trailing stop. Short positions can reference 6.6906 (0.38% away); it only moves down. A daily close above 6.6906 signals the trend is strengthening.
Which economic events matter for USD/CNH next?
FOMC and China PMI set to lift volatility. The US FOMC rate decision lands at 02:00 on 10-29, with an average 150.8-point move and a 310.4-point maximum in the four hours after the past 21 releases, about 2.7 times normal. China's official October manufacturing PMI follows at 09:30 on 10-31, previously 50.1.
What is the pivot?
The pivot is the line in the sand for the view. In a bullish view it sits below price; a close below it invalidates the view and a new set of levels is drawn. The reverse applies to a bearish view.
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