Published: 2026-07-17T05:19:07.000Z
Chart USD/CNH Update: Consolidating
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Turned up from the 6.7650 as prices consolidate losses from the 6.8100 high of last week
| Level | Imp | Comment | Level | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 6.8200 | ** | Jun high | S1 | 6.7650 | * | 16 Jul low | |
| R3 | 6.8100 | * | 8 Jul high | S2 | 6.7540 | ** | 17 Jun YTD low | |
| R2 | 6.8000 | * | congestion | S3 | 6.7350 | * | 61.8% 2022/2025 rally | |
| R1 | 6.7800 | ** | 3 Jul low | S4 | 6.7200 | congestion |
Asterisk denotes strength of level
05:00 GMT - Turned up from the 6.7650 as prices consolidate losses from the 6.8100 high of last week. Bounce see resistance starting at 6.7800 and break here is needed to ease immediate downside pressure and open up room for return to the 6.8000 level. Above the latter, if seen, should see gains giving way to selling pressure at the 6.8100/6.8200 highs. The broad bearish structure suggest consolidation giving way to selling pressure later. Break of 6.7650 low and June current year low at 6.7540 will extend the bearish trend from the April 2025 high and see room to target 6.7350, 61.8% Fibonacci retracement.