Published: 2026-04-28T06:15:13.000Z
Chart USD/CNH Update: Extend consolidation above 6.8060 low
2
Turned lower from test of the 6.8400 level as prices extend consolidation above the 6.8060 low
| Level | Imp | Comment | Level | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 6.9000 | * | congestion | S1 | 6.8270 | * | Feb low | |
| R3 | 6.8700 | ** | 1 Apr low | S2 | 6.8060 | ** | 14 Apr YTD low, congestion | |
| R2 | 6.8600 | * | 11 Mar low | S3 | 6.7750 | congestion | ||
| R1 | 6.8440 | * | 13 Apr high | S4 | 6.7500 | * | congestion |
Asterisk denotes strength of level
06:10 GMT - Turned lower from test of the 6.8400 level as prices extend consolidation above the 6.8060 low. Would take break above the 6.8440 resistance to extend gains to strong resistance at the 6.8600/6.8700 area which is expected to cap. Corrective bounce expected to give way to renewed selling pressure later and below the 6.8270 support will return focus to the downside for retest of the 6.8060 April current year low. Below the latter and the 6.8000 level will further retrace gains from the 2022 year low to support at 6.7750/6.7500 congestion area.