Published: 2026-10-16T02:58:54.000Z
Chart USD/CNH Update: Edged to fresh year low
1
Consolidation within the 6.6910/6.7000 area has given way to break lower to reach fresh year low at 6.6885
| Level | Imp | Comment | Level | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 6.7500/40 | ** | congestion, Jun low | S1 | 6.6910 | ** | 21 Sep YTD low | |
| R3 | 6.7400 | * | 7 Aug low, congestion | S2 | 6.6700 | ** | 2023 year low | |
| R2 | 6.7250 | * | congestion | S3 | 6.6500 | * | congestion | |
| R1 | 6.7000 | * | figure | S4 | 6.6160 | * | Jun 2022 low |
Asterisk denotes strength of level
03:00 GMT - Consolidation within the 6.6910/6.7000 area has given way to break lower to reach fresh year low at 6.6885. Pressure remains on the downside and lower will see room for extension to strong support at the 6.6700, 2023 year low. Lower still, will see room to 6.6500 congestion but divergence on both the daily and weekly studies caution corrective bounce. Meanwhile, resistance remains at the 6.7000 level. Would need to regain this to ease the downside pressure and and see room for stronger bounce to resistance at the 6.7200/6.7250 area.