Published: 2026-05-15T04:17:56.000Z
Chart USD/CNH Update: Turned up from 6.7815 low
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Edged up from the 6.7815 fresh year low as prices consolidate losses from the 6.8500, 29 April high
| Level | Imp | Comment | Level | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 6.8600 | * | 11 Mar low | S1 | 6.7815 | ** | 14 May YTD low | |
| R3 | 6.8500 | ** | 29 Apr high, congestion | S2 | 6.7750 | congestion | ||
| R2 | 6.8270 | * | Feb low | S3 | 6.7500 | * | congestion | |
| R1 | 6.8060 | * | Apr low | S4 | 6.7350 | * | 61.8% 2022/2025 rally |
Asterisk denotes strength of level
04:15 GMT - Edged up from the 6.7815 fresh year low as prices consolidate losses from the 6.8500, 29 April high. Intraday and daily studies have turned up from oversold areas and see room for corrective bounce to resistance at 6.8060/6.8270, the April and February lows, which are expected to cap. Only above here will ease bearish pressure and see room for stronger gains to the 6.8500/6.8600 resistance. Correction is expected to give way to renewed selling pressure later. Below 6.7815 low will see room to support at the 6.7750/6.7500 congestion area.