Published: 2026-08-11T03:09:04.000Z
Chart USD/CNH Update: Consolidating, but still room for lower
1
Edged up from the 6.7400 Friday current year low as prices consolidate losses from the 6.8200 June swing high
| Level | Imp | Comment | Level | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 6.8000 | * | congestion | S1 | 6.7420/00 | ** | Jul, 7 Aug YTD low | |
| R3 | 6.7800 | ** | 3 Jul low | S2 | 6.7350 | * | 61.8% 2022/2025 rally | |
| R2 | 6.7630 | * | 21 Jul low | S3 | 6.7200 | * | congestion | |
| R1 | 6.7540 | ** | Jun low | S4 | 6.7000 | ** | 2023 year low |
Asterisk denotes strength of level
03:05 GMT - Edged up from the 6.7400 Friday current year low as prices consolidate losses from the 6.8200 June swing high. Negative dily studies keep pressure on the downside and see room to further extend the bear trend from the April 2025 year high to target support at 6.7350 Fibonacci level. Lower still, will see room to the 6.7200 congestion and 6.7000, 2023 year low. However, divergence on weekly studies caution corrective bounce with resistance starting at 6.7540, June low. Lift over this will open up room for strong corrective bounce to retrace losses from the 6.8200 high.