Published: 2026-03-23T04:17:08.000Z
Chart USD/CNH Update: Extending gains
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Consolidation within the 6.8600/6.9100 area has given way to break higher to return focus to resistance at the 6.9300/6.9500 area
| Level | Imp | Comment | Level | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 6.9910 | * | 50% Oct/Feb fall | S1 | 6.8810 | * | 16 Feb low | |
| R3 | 6.9710 | * | 2024 year low | S2 | 6.8600 | ** | 11 Mar low | |
| R2 | 6.9500 | * | congestion, 38.2% | S3 | 6.8270 | ** | 26 Feb YTD low | |
| R1 | 6.9300 | ** | Jan low, congestion | S4 | 6.8000 | * | congestion |
Asterisk denotes strength of level
04:10 GMT - Consolidation within the 6.8600/6.9100 area has given way to break higher to return focus to resistance at the 6.9300/6.9500 area. Daily and weekly studies are tracking higher and clearance here will see room for stronger gains to retrace the losses from the October high to resistance at 6.9710, 2024 year low. Meanwhile, support remains at the 6.8810 congestion which extend to 6.8600 low of last week. This area should underpin and sustain bounce from the 6.8270, February current year low.