Published: 2026-07-22T06:45:49.000Z
Chart USD/CNH Update: Higher in consolidation
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Higher in consolidation from the 6.7635 low as prices edged up to unwind oversold daily studies
| Level | Imp | Comment | Level | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 6.8200 | ** | Jun high | S1 | 6.7635 | * | 21 Jul low | |
| R3 | 6.8100 | * | 8 Jul high | S2 | 6.7540 | ** | 17 Jun YTD low | |
| R2 | 6.8000 | * | congestion | S3 | 6.7350 | * | 61.8% 2022/2025 rally | |
| R1 | 6.7800 | ** | 3 Jul low | S4 | 6.7200 | congestion |
Asterisk denotes strength of level
06:10 GMT - Higher in consolidation from the 6.7635 low as prices edged up to unwind oversold daily studies. Bounce see resistance starting at 6.7800 and lift over this is needed to fade the downside pressure and see room for stronger gains to retrace losses from the 6.8200 June high to the 6.8000 level. Meanwhile, break of the 6.7635 low will leave the way open for retest of 6.7540 June current year low and extend the underlying bear trend from the April 2025 year high.