Published: 2026-04-30T05:55:55.000Z
Chart USD/CNH Update: Extending gains from 6.8060 low
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Edging higher in consolidation from the 6.8060 low to break resistance at the 6.8440, 13 April high
| Level | Imp | Comment | Level | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 6.9300 | ** | congestion | S1 | 6.8270 | * | Feb low | |
| R3 | 6.9000 | * | congestion | S2 | 6.8060 | ** | 14 Apr YTD low, congestion | |
| R2 | 6.8700 | ** | 1 Apr low | S3 | 6.7750 | congestion | ||
| R1 | 6.8600 | * | 11 Mar low | S4 | 6.7500 | * | congestion |
Asterisk denotes strength of level
05:50 GMT - Edging higher in consolidation from the 6.8060 low to break resistance at the 6.8440, 13 April high. Higher will see room for extension to strong resistance at the 6.8600/6.8700 area which is expected to cap. Clearance here, if seen, will open up room for stronger gains to the 6.9000 level. Corrective bounce are expected to give way to renewed selling pressure later. Below the 6.8270 support will return focus to the downside for retest of the 6.8060 April current year low. Lower will see room to the 6.8000 level and further extend losses to support at 6.7750/6.7500 congestion area.