Published: 2026-02-06T03:01:10.000Z
Chart USD/CNH Update: Extend consolidation above 6.9290 low
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Little change, as prices drift narrowly above fresh low at 6.9290
| Level | Imp | Comment | Level | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 7.0000 | * | figure | S1 | 6.9290 | ** | 4 Feb YTD low | |
| R3 | 6.9710 | * | Sep 2024 year low | S2 | 6.9200 | * | congestion | |
| R2 | 6.9630 | ** | 2 Feb high | S3 | 6.9000 | ** | congestion | |
| R1 | 6.9500 | * | congestion | S4 | 6.8700 | * | 76.4% 2023/2025 rally |
Asterisk denotes strength of level
03:00 GMT - Little change, as prices drift narrowly above fresh low at 6.9290. Bullish divergence on the daily studies suggest scope for bounce here to unwind oversold readings with resistance starting at the 6.9500 congestion then the 6.9630, Monday's bounce high. Break of the latter will confirm a small double bottom at the 6.9315/6.9290 lows and open up room for stronger gain to retrace losses from the 7.1500, October swing high. Failure to hold the 6.9290 low will see room for extension to to the 6.9200 congestion then the 6.9000 level.