Published: 2026-02-17T17:18:50.000Z
Chart USD/CNH Update: Short-term consolidation - studies under pressure
-
Little change, as prices extend cautious trade above the 6.8800 low of 16 February
| Level | Imp | Comment | Level | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 6.9650 | * | break level | S1 | 6.8700 | * | 76.4% 2023/2025 rally | |
| R3 | 6.9500 | * | congestion | S2 | 6.8600 | ** | range lows | |
| R2 | 6.9300 | break level | S3 | 6.8300 | * | April 2023 low | ||
| R1 | 6.9000 | ** | congestion | S4 | 6.8000 | ** | congestion |
Asterisk denotes strength of level
17:30 GMT - Little change, as prices extend cautious trade above the 6.8800 low of 16 February. Oversold daily stochastics are flattening, suggesting room for a minor test higher. But the negative daily Tension Indicator and bearish weekly charts should limit any break in renewed selling interest towards 6.9300. Following cautious/corrective trade, fresh losses are looked for. Support is at the 6.8700 Fibonacci retracement and the 6.8600 historic range lows. A close beneath here will add weight to sentiment and extend April 2025 losses towards the 6.8300 low of April 2023.