Published: 2026-09-11T05:16:00.000Z
Chart USD/CNH Update: Scope to extend bounce from 6.7030 low
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Edged up from the 6.7030 low to reach resistance at 6.7150 as prices unwind oversold intraday and daily studies
| Level | Imp | Comment | Level | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 6.7630 | * | 21 Jul low | S1 | 6.7030 | ** | 9 Sep YTD low | |
| R3 | 6.7540 | ** | Jun low | S2 | 6.7000 | ** | 2023 year low | |
| R2 | 6.7400 | * | 7 Aug low, congestion | S3 | 6.6650 | * | congestion | |
| R1 | 6.7150 | * | 26 Aug low | S4 | 6.6500 | * | congestion |
Asterisk denotes strength of level
05:10 GMT - Edged up from the 6.7030 low to reach resistance at 6.7150 as prices unwind oversold intraday and daily studies. Bullish divergence on weekly chart suggest scope for stronger bounce here to correct losses from the 6.8200, June high. Higher will see room to resistance at the 6.7330/6.7400 congestion and 7 August low. Above here will open up room for stronger bounce to 6.7540/6.7600, June low and congestion area. Meanwhile, break of upport at the 6.7030 low and 6.7000 figure, if seen, will see scope for further losses to the 6.6650/6.6500 congestion area.