Published: 2026-07-08T06:25:00.000Z
Chart USD/CNH Update: Room to extend gains
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Bounce from the 6.7800 support has seen extension to regain the 6.8000 level
| Level | Imp | Comment | Level | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 6.8600 | * | Mar low | S1 | 6.7800 | * | congestion | |
| R3 | 6.8500 | ** | 29 Apr high | S2 | 6.7540 | ** | 17 Jun YTD low | |
| R2 | 6.8270 | * | congestion, Feb low | S3 | 6.7350 | * | 61.8% 2022/2025 rally | |
| R1 | 6.8195 | ** | Jun high | S4 | 6.7200 | congestion |
Asterisk denotes strength of level
06:20 GMT - Bounce from the 6.7800 support has seen extension to regain the 6.8000 level. Daily and weekly studies have turned up to unwind oversold readings and suggest scope for continuation higher for retest of 6.8195 resistance. Above here will extend the June gains to retrace losses from the March high and see room to resistance at 6.8270 February low then the strong resistance the 6.8500/6.8600 area. Meanwhile, support at the 6.7800 congestion should underpin. Would take break here to return focus to the downside for retest of the 6.7580/6.7540 June lows.