Published: 2026-01-30T02:27:08.000Z
Chart USD/CNH Update: Range-bound above 6.9315 low
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Edged up in range from the 6.9315 Tuesday's low as prices consolidate losses from the 6.9960, 8 January high
| Level | Imp | Comment | Level | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 7.0150 | 29 Dec high | S1 | 6.9315 | * | 27 Jan YTD low | ||
| R3 | 6.9960/00 | ** | 8 Jan high, congestion | S2 | 6.9300 | * | congestion | |
| R2 | 6.9710 | * | Sep 2024 year low | S3 | 6.9000 | ** | congestion | |
| R1 | 6.9500 | * | 20 Jan low, congestion | S4 | 6.8700 | * | 76.4% 2023/2025 rally |
Asterisk denotes strength of level
02:20 GMT - Edged up in range from the 6.9315 Tuesday's low as prices consolidate losses from the 6.9960, 8 January high. Positive divergence on the daily chart suggest scope for bounce to unwind oversold daily studies. Above the 6.9500 congestion will see room for stronger bounce to resistance at 6.9710 low and the 6.9960/7.0000 congestion area. Meanwhile, support at the 6.9315 low should now underpin. A later break here will further extend losses from the 2025 year high at 7.4290 to the 6.9000 figure and 6.8700, 76.4% Fibonacci level.