Published: 2026-07-10T05:51:53.000Z
Chart USD/CNH Update: Leaning lower
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Turned down from the 6.8100 high to retrace all the gains from the 6.7800 Friday's low
| Level | Imp | Comment | Level | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 6.8500 | ** | 29 Apr high | S1 | 6.7800 | * | congestion | |
| R3 | 6.8270 | * | congestion, Feb low | S2 | 6.7540 | ** | 17 Jun YTD low | |
| R2 | 6.8200 | ** | Jun high | S3 | 6.7350 | * | 61.8% 2022/2025 rally | |
| R1 | 6.8100 | * | 8 Jul high | S4 | 6.7200 | congestion |
Asterisk denotes strength of level
05:45 GMT - Turned down from the 6.8100 high to retrace all the gains from the 6.7800 Friday's low. Break here will open up room for deeper pullback from the 6.8200 June high and return focus to the downside for retest of 6.7600 congestion and 6.7540 June current year low. However, oversold weekly studies and bullish divergence here suggest the latter expected to underpin. Meanwhile, break above the resistance at 6.8000/6.8100 congestion and 8 July high is needed to clear the way for retest of 6.8200 high and see room for stronger corrective gains to retrace losses from the April 2025 year high.