Published: 2026-07-31T06:35:02.000Z
Chart USD/CNH Update: Fresh year low, room for lower
1
Break of the June low at 6.7540 has seen prices reaching fresh year low at 6.7440
| Level | Imp | Comment | Level | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 6.8000 | * | congestion | S1 | 6.7350 | * | 61.8% 2022/2025 rally | |
| R3 | 6.7800 | ** | 3 Jul low | S2 | 6.7200 | * | congestion | |
| R2 | 6.7630 | * | 21 Jul low | S3 | 6.7000 | ** | 2023 year low | |
| R1 | 6.7540 | ** | Jun low | S4 | 6.6700 | * | congestion, 2019 yr low |
Asterisk denotes strength of level
06:30 GMT - Break of the June low at 6.7540 has seen prices reaching fresh year low at 6.7440. Negative daily and weekly studies keep pressure on the downside and see room extend the bear trend from the April 2025 year high. Lower will see room to support at 6.7350, 61.8% Fibonacci level, and 6.7200 congestion. Lower still, will see room to 6.7000, 2023 year low. Meanwhile, resistance is lowered to the 6.7540/6.7630, June and 21 July lows which are expected to cap and sustain losses from the 6.8200, June swing high.