Published: 2026-07-09T06:02:59.000Z
Chart USD/CNH Update: Consolidating at 6.8000
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Break above the 6.8000 level see prices extending bounce from support at the 6.7800 congestion
| Level | Imp | Comment | Level | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 6.8600 | * | Mar low | S1 | 6.7800 | * | congestion | |
| R3 | 6.8500 | ** | 29 Apr high | S2 | 6.7540 | ** | 17 Jun YTD low | |
| R2 | 6.8270 | * | congestion, Feb low | S3 | 6.7350 | * | 61.8% 2022/2025 rally | |
| R1 | 6.8195 | ** | Jun high | S4 | 6.7200 | congestion |
Asterisk denotes strength of level
06:00 GMT - Break above the 6.8000 level see prices extending bounce from support at the 6.7800 congestion. Daily and weekly studies are tracking higher and suggest room for continuation higher to retest of 6.8195 June high. Clearance here open up room for stronger gains to retrace losses from the March high and see room to resistance at 6.8270 February low then the strong resistance the 6.8500/6.8600 area. Meanwhile, support at the 6.7800 congestion should underpin. Only failure here to return focus to the downside for retest of the 6.7580/6.7540 June current year lows.