Published: 2026-05-20T06:06:10.000Z
Chart USD/CNH Update: Higher in consolidation from 6.7815 low
2
Edged up in consolidation from the 6.7815 low as prices unwind oversold daily studies
| Level | Imp | Comment | Level | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 6.9000 | * | figure, congestion | S1 | 6.8000 | * | congestion | |
| R3 | 6.8600 | * | 11 Mar low | S2 | 6.7815 | ** | 14 May YTD low | |
| R2 | 6.8500 | ** | 29 Apr high, congestion | S3 | 6.7750 | * | congestion | |
| R1 | 6.8270 | * | Feb low | S4 | 6.7500 | * | congestion |
Asterisk denotes strength of level
06:00 GMT - Edged up in consolidation from the 6.7815 low as prices unwind oversold daily studies. Above the 6.8060 resistance see room for stronger bounce to the 6.8270 February low. Break here will ease bearish pressure and see room for stronger corrective gains to the 6.8500/6.8600 resistance. Meanwhile, support is raised to the 6.8000 figure which extend to 6.7815 low. Would take break here to open up room for extension to support at the 6.7750/6.7500 congestion area and 6.7350, 61.8% Fibonacci retracement.