Published: 2026-07-28T06:43:02.000Z
Chart USD/CNH Update: Still heavy
1
Consolidation below the 6.7800 resistance keep pressure on the downside to reach 6.7630 low
| Level | Imp | Comment | Level | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 6.8200 | ** | Jun high | S1 | 6.7630 | * | 27 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
06:35 GMT - Consolidation below the 6.7800 resistance keep pressure on the downside to reach 6.7630 low. Below here will see scope to retest the 6.7540 June current year low and extend the underlying bear trend from the April 2025 year high. Lower will see room to the 6.7350, Fibonacci level, and the 6.7200/6.7000 congestion. Meanwhile, resistance at 6.7800 expected to cap. Would need lift over this to ease the downside pressure and see room for stronger bounce to retrace losses from the 6.8200 June swing high.