Published: 2026-05-06T05:55:41.000Z
Chart USD/CNH Update: Under pressure, focus return to 6.8060 low
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Leaning lower from the 6.8500 high of last week and break of support at 6.8270 see room to retest the 6.8160, Monday's low
| Level | Imp | Comment | Level | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 6.9000 | * | figure, congestion | S1 | 6.8160 | 4 May low | ||
| R3 | 6.8700 | ** | 1 Apr low | S2 | 6.8060 | ** | 14 Apr YTD low | |
| R2 | 6.8600 | * | 11 Mar low | S3 | 6.7750 | congestion | ||
| R1 | 6.8500 | * | congestion | S4 | 6.7500 | * | congestion |
Asterisk denotes strength of level
05:45 GMT - Leaning lower from the 6.8500 high of last week and break of support at 6.8270 see room to retest the 6.8160, Monday's low. Below this will expose the 6.8060 current year low of 14 April to retest. Break here will further extend losses from the April 2025 year high and see room to the 6.7750/6.7500 congestion area. Meanwhile, resistance is lowered to the 6.8270 low of February and extending to 6.8500 high of last week. This area is expected to cap and sustain losses from the 6.9430, March swing high.