Published: 2026-06-16T06:11:30.000Z
Chart USD/CNH Update: Consolidating, room for further losses
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Pressure remains on the downside as prices extend losses to reach fresh year low at 6.7555
| Level | Imp | Comment | Level | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 6.8215/70 | ** | 18 May high, Feb low | S1 | 6.7500 | * | congestion | |
| R3 | 6.8000/60 | * | congestion, Apr low | S2 | 6.7350 | * | 61.8% 2022/2025 rally | |
| R2 | 6.7920 | ** | 8 Jun high | S3 | 6.7200 | congestion | ||
| R1 | 6.7800 | * | congestion | S4 | 6.7000 | ** | congestion |
Asterisk denotes strength of level
06:10 GMT - Pressure remains on the downside as prices extend losses to reach fresh year low at 6.7555. Below this will further extend losses from the April 2025 year high and see room to support at the 6.7500 level and 6.7350, 61.8% Fibonacci retracement. Lower still, will see room to 6.7200 congestion then 6.7000/6.6975, figure and 2023 year low. Meanwhile, resistance starts at the 6.7800 congestion and this extend to 6.7920, 8 June high. Would take break of these to open up room for stronger correction to retrace losses from the 6.9435 March swing high.