Published: 2026-06-11T04:32:40.000Z
Chart USD/CNH Update: Consolidating within a falling wedge
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Little change, as prices extend consolidation at 6.7800 following pullback from the 6.7920 high
| Level | Imp | Comment | Level | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 6.85000 | ** | 29 Apr high, congestion | S1 | 6.7580 | ** | 2 Jun YTD low | |
| R3 | 6.8200/70 | ** | congestion, Feb low | S2 | 6.7500 | * | congestion | |
| R2 | 6.8000/60 | * | congestion, Apr low | S3 | 6.7350 | * | 61.8% 2022/2025 rally | |
| R1 | 6.7920 | * | 8 Jun high | S4 | 6.7200 | congestion |
Asterisk denotes strength of level
04:25 GMT - Little change, as prices extend consolidation at 6.7800 following pullback from the 6.7920 high. Narrow trading range suggest consolidation likely to extend while prices holds the 6.7580, 2 Jun YTD low. Would take break here to see extension to support at the 6.7500 level and 6.7350, 61.8% Fibonacci retracement. Meanwhile, the falling wedge caution stronger bounce from the 6.7580 lo. Would take break above 6.7800/6.7920 resistance to open up room for stronger correction to retrace losses from the 6.9435 March swing high to resistance at the 6.8000/6.8200 area.