Published: 2026-07-07T06:11:19.000Z
Chart USD/CNH Update: Higher in consolidation
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Edging higher from the 6.7800 support as prices consolidate losses from the 6.8195 June high
| Level | Imp | Comment | Level | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 6.8500 | * | 29 Apr high | S1 | 6.7800 | * | congestion | |
| R3 | 6.8270 | ** | congestion, Feb low | S2 | 6.7540 | ** | 17 Jun YTD low | |
| R2 | 6.8195 | ** | Jun high | S3 | 6.7350 | * | 61.8% 2022/2025 rally | |
| R1 | 6.8000 | * | congestion | S4 | 6.7200 | congestion |
Asterisk denotes strength of level
06:10 GMT - Edging higher from the 6.7800 support as prices consolidate losses from the 6.8195 June high. Daily and weekly studies have turned higher to unwind oversold readings and suggest scope for break above 6.8000 level to open up for retest of 6.8195 high and extend the June gains. Clearance will see room to resistance at 6.8270 then the strong resistance the 6.8500/6.8600 area. Meanwhile, support at the 6.7800 congestion should underpin. Break here return focus to the downside for retest of the 6.7580/6.7540 June lows.