Published: 2026-05-11T04:58:23.000Z
Chart USD/CNH Update: Extending losses
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Prices remain under pressure following break of the 6.8060 April low and 6.8000 level
| Level | Imp | Comment | Level | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 6.8600 | * | 11 Mar low | S1 | 6.7910 | intraday low | ||
| R3 | 6.8500 | ** | 29 Apr high, congestion | S2 | 6.7750 | congestion | ||
| R2 | 6.8270 | * | Feb low | S3 | 6.7500 | * | congestion | |
| R1 | 6.8060 | * | Apr low | S4 | 6.7350 | * | 61.8% 2022/2025 rally |
Asterisk denotes strength of level
04:50 GMT - Prices remain under pressure following break of the 6.8060 April low and 6.8000 level. Lower will further extend losses from the April 2025 year high and see room for extension to the 6.7750/6.7500 congestion area. Lower still, will see scope to target 6.7350, 61.8% Fibonacci retracement. Meanwhile, resistance is lowered to the April low at 6.8060 and extending to 6.8270, February low. This area is expected to cap corrective bounce and sustain the broader losses from the 6.9430, 3 March swing high.