Published: 2026-03-09T04:47:58.000Z
Chart USD/CNH Update: Scope to extend gains
1
Higher opening keep pressure on the upside to retest the 6.9300 resistance
| Level | Imp | Comment | Level | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 7.0000 | * | 2024 year low | S1 | 6.8810 | ** | 16 Feb low | |
| R3 | 6.9700 | * | 2024 year low | S2 | 6.8500 | * | congestion | |
| R2 | 6.9500 | * | congestion | S3 | 6.8270 | ** | 26 Feb YTD low | |
| R1 | 6.9300 | ** | Jan low, congestion | S4 | 6.8100 | * | Mar 2023 low |
Asterisk denotes strength of level
04:40 GMT - Higher opening keep pressure on the upside to retest the 6.9300 resistance. Positive daily and weekly studies suggest consolidation to give way to break later to extend gains from the 6.8270 February year low. Higher will see room to the 6.9500 resistance. Beyond this will open up room for stronger gains to retrace losses from the October swing high to resistance at 6.9700 and 7.0000 figure. Meanwhile, support remains at the 6.9000/6.8810 area which should underpin. Only below this will fade the upside pressure and open up room for retest of 6.8500 level and 6.8270 low.