Published: 2026-08-21T02:37:56.000Z
Chart USD/CNH Update: Under pressure, room for extend losses
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Steadied at the 6.7200 fresh year low as prices unwind oversold intraday studies
| Level | Imp | Comment | Level | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 6.7800 | ** | 3 Jul low | S1 | 6.7200 | * | congestion | |
| R3 | 6.7630 | * | 21 Jul low | S2 | 6.7000 | ** | 2023 year low | |
| R2 | 6.7540 | ** | Jun low | S3 | 6.6670 | * | 15 Jun 2022 low | |
| R1 | 6.7400 | 7 Aug low, congestion | S4 | 6.6500 | * | congestion |
Asterisk denotes strength of level
02:35 GMT - Steadied at the 6.7200 fresh year low as prices unwind oversold intraday studies. However, negative daily and weekly studies keep pressure on the downside and break here will see room to extend the bear trend from the April 2025 year high. Lower will see scope to target the 6.7000, 2023 year low and wedge support. Bullish divergence on weekly studies suggest scope for corrective bounce here to resistance at 6.7400 level then the 6.7540/6.7630 recent lows. Would need lift above the latter to open up room for stronger corrective bounce to retrace losses from the 6.8200 high.