Published: 2026-04-14T04:52:09.000Z
Chart USD/CNH Update: Extending losses
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Consolidation above the 6.8200 level has given way to selling pressure to extend losses from the April 2025 high
| Level | Imp | Comment | Level | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 6.9000 | * | congestion | S1 | 6.8100 | * | Mar 2023 low | |
| R3 | 6.8700 | ** | 1 Apr low | S2 | 6.8000 | ** | figure, congestion | |
| R2 | 6.8600 | * | 11 Mar low | S3 | 6.7750 | congestion | ||
| R1 | 6.8270 | * | Feb low | S4 | 6.7500 | * | congestion |
Asterisk denotes strength of level
04:45 GMT - Consolidation above the 6.8200 level has given way to selling pressure to extend losses from the April 2025 high. Lower will see room for extension to the 6.8100 support and 6.8000 figure where reaction can be expected as daily studies stretches into oversold areas. Below here will see room to further retrace gains from the 2022 year low to 6.7750 and 6.7500 congestion area. Meanwhile, resistance is lowered to the 6.8270 low of February. Above here will see room for stronger bounce to strong resistance at the 6.8600/6.8700 area.