Published: 2026-06-03T06:06:06.000Z
Chart USD/CNH Update: Consolidating at 6.7580, fresh year low
-
Edged off the fresh year low at 6.7580 as prices consolidate recent losses from the 18 May high and unwind oversold daily studies
| Level | Imp | Comment | Level | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 6.85000 | ** | 29 Apr high, congestion | S1 | 6.7580 | ** | 2 Jun YTD low | |
| R3 | 6.8200/70 | ** | congestion, Feb low | S2 | 6.7500 | * | congestion | |
| R2 | 6.8000/60 | * | congestion, Apr low | S3 | 6.7350 | * | 61.8% 2022/2025 rally | |
| R1 | 6.7815/00 | * | 14 May low, congestion | S4 | 6.7200 | congestion |
Asterisk denotes strength of level
06:00 GMT - Edged off the fresh year low at 6.7580 as prices consolidate recent losses from the 18 May high and unwind oversold daily studies. However, pressure remains on the downside and lower will see room to nearby support at the 6.7500 level. Lower still, will see scope to target 6.7350, 61.8% Fibonacci retracement. Meanwhile, resistance is lowered to the 6.7815 low of 14 May. Would take break here to ease the downside pressure and open up room for stronger correction to the 6.8000/60 congestion area and April low.