Weekly Chart USD/CNH: Retest 6.6910, September current year low

Corrective bounce from the 6.6910 September current year low has met with renewed selling pressure at the 6.7250 high. Rejection there has since extend losses to retest the 6.6910 low. 

Reaction at the latter see prices unwinding oversold daily studies but the broad bearish structure from the 6.9440 March swing high keep pressure on the downside and threatens break lower to extend losses from the April 2025 year high. Below the 6.6910 low will see room for extension to the 6.6700 and 6.6500 congestion area. 

However, bullish divergence remains on weekly studies and caution corrective bounce resistance starting at 6.7250, September high. Would need to see prices closing above the latter to open up room for stronger corrective gains to resistance at the 6.7500/6.7540 congestion and mid-June low. Gain above the latter, if seen, will see scope towards strong resistance at 6.8000/6.8200 congestion and June high.