Published: 2026-04-24T04:42:13.000Z
Chart USD/CNH Update: Edging higher in consolidation
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Edging higher as prices extend bounce from the 6.8060 low and consolidate recent losses from the 6.9300/6.9500 resistance
| Level | Imp | Comment | Level | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 6.9000 | * | congestion | S1 | 6.8270 | * | Feb low | |
| R3 | 6.8700 | ** | 1 Apr low | S2 | 6.8060 | ** | 14 Apr YTD low, congestion | |
| R2 | 6.8600 | * | 11 Mar low | S3 | 6.7750 | congestion | ||
| R1 | 6.8440 | * | 13 Apr high | S4 | 6.7500 | * | congestion |
Asterisk denotes strength of level
04:40 GMT - Edging higher as prices extend bounce from the 6.8060 low and consolidate recent losses from the 6.9300/6.9500 resistance. Higher see resistance at 6.8440, 13 April high. Clearance will see scope to strong resistance at the 6.8600/6.8700 area which is expected to cap. Corrective bounce is expected to give way to renewed selling pressure later to retest support at 6.8270 low of February then 6.8060 YTD low. Below these and the 6.8000 level will further retrace gains from the 2022 year low to support at 6.7750/6.7500 congestion area.