Published: 2026-05-05T05:55:33.000Z
Chart USD/CNH Update: Extend consolidation
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Limited on break of the 6.8270 support as prices turned up in consolidation from 6.8160 low
| Level | Imp | Comment | Level | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 6.9000 | * | figure, congestion | S1 | 6.8270 | * | Feb 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
05:50 GMT - Limited on break of the 6.8270 support as prices turned up in consolidation from 6.8160 low. Higher will see scope for retest of the 6.8500 high. Above here will open up room for extension to strong resistance at the 6.8600/6.8700 congestion area which is expected to cap. Clearance here needed to open up room for stronger correction to 6.9000 congestion. Meanwhile, support remains at 6.8270 February low. Close below this will expose the 6.8060 current year low of 14 April to retest and further extend losses from the April 2025 year high.