Published: 2026-06-25T06:40:56.000Z
Chart USD/CNH Update: Extend corrective gains
-
Consolidation below the 6.8000/60 resistance has given way to break to extend bounce from the 6.7540 low
| Level | Imp | Comment | Level | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 6.9000 | ** | figure, congestion | S1 | 6.8000 | * | congestion | |
| R3 | 6.8600 | * | Mar low | S2 | 6.7800 | * | congestion | |
| R2 | 6.8500 | * | 29 Apr high | S3 | 6.7540 | ** | 17 Jun YTD low | |
| R1 | 6.8270 | ** | congestion, Feb low | S4 | 6.7350 | * | 61.8% 2022/2025 rally |
Asterisk denotes strength of level
06:35 GMT - Consolidation below the 6.8000/60 resistance has given way to break to extend bounce from the 6.7540 low. Nearby see room to strong resistance at the 6.8200/70 congestion and February low as prices retrace losses from the 6.9300/6.9400 March highs. Higher still, if seen, will open up room for extension to 6.8500 late-April high. Corrective gains are expected to give way to renewed selling pressure later. Meanwhile, support is raised to 6.8000 figure. Break here will return focus to the downside for retest of 6.7800 congestion and 6.7540 June current year low.