Published: 2026-03-20T04:54:34.000Z
Chart USD/CNH Update: Consolidating, room for higher later
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Extend consolidation above the 6.8600 recent low to pressure resistance at the 6.9100 congestion
| Level | Imp | Comment | Level | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 6.9710 | * | 2024 year low | S1 | 6.8810 | * | 16 Feb low | |
| R3 | 6.9500 | * | congestion, 38.2% | S2 | 6.8600 | * | 11 Mar low | |
| R2 | 6.9300 | ** | Jan low, congestion | S3 | 6.8270 | ** | 26 Feb YTD low | |
| R1 | 6.9100 | * | congestion | S4 | 6.8000 | * | congestion |
Asterisk denotes strength of level
04:50 GMT - Extend consolidation above the 6.8600 recent low to pressure resistance at the 6.9100 congestion. Daily and weekly studies are tracking higher and suggest scope for break here to open up strong resistance the 6.9300/6.9500 area to retest. Above these will see room for stronger gains to retrace the losses from the April 2025 year high to resistance at 6.9710, 2024 year low. Meanwhile, support at 6.8810 and extending to 6.8600 low of last week should underpin and sustain bounce from the 6.8270, February current year low.