Published: 2026-11-06T03:04:16.000Z
Chart USD/CNH Update: Consolidating
1
Drift lower from test of the wedge top at 6.6855 has seen prices settling back to consolidate at the 6.6650 support
| Level | Imp | Comment | Level | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 6.7260 | ** | Sep high | S1 | 6.6650 | 4 Nov low | ||
| R3 | 6.7000 | * | figure, congestion | S2 | 6.6425 | ** | 2 Nov YTD low | |
| R2 | 6.6910 | ** | Sep low | S3 | 6.6160 | * | Jun 2022 low | |
| R1 | 6.6855 | * | wedge top | S4 | 6.6000 | ** | figure |
Asterisk denotes strength of level
03:00 GMT - Drift lower from test of the wedge top at 6.6855 has seen prices settling back to consolidate at the 6.6650 support. Daily studies have turned mixed but consolidation here is expected to give way to renewed buying interest later. Higher will see room to strong resistance at 6.6910 September low and extending to the 6.7000 figure. Clearance here, if seen, will see room to the 6.7260 September swing high. Meanwhile, support is at the 6.6650/6.6600 mid-week low and 61.8% Fibonacci level. Break here will expose the 6.6425 Monday's current year low to retest.