Published: 2026-01-26T04:55:08.000Z
Chart USD/CNH Update: Break to fresh year low below 6.9500
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Weak opening has seen prices reaching fresh year low at 6.9425 before turning up to consolidate at the 6.9500 level
| Level | Imp | Comment | Level | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 7.0500/40 | ** | congestion, 3 Dec low | S1 | 6.9425 | intraday low | ||
| R3 | 7.0300 | * | congestion | S2 | 6.9300 | * | congestion | |
| R2 | 6.9960/00 | ** | 8 Jan high, congestion | S3 | 6.9000 | ** | congestion | |
| R1 | 6.9710 | * | Sep 2024 year low | S4 | 6.8700 | * | 76.4% 2023/2025 rally |
Asterisk denotes strength of level
04:45 GMT - Weak opening has seen prices reaching fresh year low at 6.9425 before turning up to consolidate at the 6.9500 level as prices unwind oversold intraday studies. However, negative daily studies keep pressure on the downside and lower will see room for extension to congestion at 6.9300 and the 6.9000 figure. Meanwhile, resistance at the 6.9710/6.9800 area is expected to cap. Lift over this will open up room for stronger corrective bounce to retrace losses from the October swing high to the strong resistance at 6.9960/7.0000 area.