Published: 2026-04-23T03:38:30.000Z
Chart USD/CNH Update: Higher in consolidation
-
Extending bounce from the 6.8060 low as prices consolidate losses from the 6.9300/6.9500 resistance
| Level | Imp | Comment | Level | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 6.9000 | * | congestion | S1 | 6.8270 | * | Feb low | |
| R3 | 6.8700 | ** | 1 Apr low | S2 | 6.8060 | ** | 14 Apr YTD low, congestion | |
| R2 | 6.8600 | * | 11 Mar low | S3 | 6.7750 | congestion | ||
| R1 | 6.8440 | * | 13 Apr high | S4 | 6.7500 | * | congestion |
Asterisk denotes strength of level
03:30 GMT - Extending bounce from the 6.8060 low as prices consolidate losses from the 6.9300/6.9500 resistance. Bounce see prices unwinding oversold intraday and daily studies with break above resistance at 6.8270 opening up room to the 6.8440, 13 April high. Clearance here will see scope 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 to retest the 6.0860 low. Below this and the 6.8000 level will further retrace gains from the 2022 year low to support at 6.7750/6.7500 congestion area.