Published: 2026-07-01T05:59:43.000Z
Chart USD/CNH Update: Lower in consolidation
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Lower in consolidation from the 6.8195 high of last week as prices unwind overbought daily studies
| 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 | ** | 24 Jun high | S4 | 6.7200 | congestion |
Asterisk denotes strength of level
06:00 GMT - Lower in consolidation from the 6.8195 high of last week as prices unwind overbought daily studies. Below the 6.8000 figure threatens deeper pullback to the 6.7800 support which is expected to underpin. Would take break here to expose the 6.7540 June current year low to retest and extend losses from the April 2025 high. Meanwhile, resistance at the 6.8195 high is expected to cap. Break here, if seen, will open up room for stronger correction to the resistance at 6.8270 and the 6.8500 late-April high.