Published: 2026-04-22T06:53:56.000Z
Chart USD/CNH Update: Higher in consolidation from 6.8060 low
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Edged up from the 6.8060 low as prices consolidate recent sharp losses from the 6.9300/6.9500 resistance
| Level | Imp | Comment | Level | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 6.9000 | * | congestion | S1 | 6.8060/00 | ** | 14 Apr YTD low, congestion | |
| R3 | 6.8700 | ** | 1 Apr low | S2 | 6.7750 | congestion | ||
| R2 | 6.8600 | * | 11 Mar low | S3 | 6.7500 | * | congestion | |
| R1 | 6.8270 | * | Feb low | S4 | 6.7350 | * | 61.8% 2022/2025 rally |
Asterisk denotes strength of level
06:45 GMT - Edged up from the 6.8060 low as prices consolidate recent sharp losses from the 6.9300/6.9500 resistance. Bounce see prices unwinding oversold intraday and daily studies to reach resistance at the 6.8270 February low. Lift over this will open up room for stronger gains to strong resistance at the 6.8600/6.8700 area which is expected to cap. Correction expected to give way to renewed selling pressure later and break of the 6.0860 low and the 6.8000 level will further retrace gains from the 2022 year low to support at 6.7750/6.7500 congestion area.