Published: 2026-03-19T03:53:03.000Z
Chart USD/CNH Update: Extend consolidation
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Remains in consolidation as prices extend choppy trade within the 6.8600/6.9100 range
| Level | Imp | Comment | Level | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 6.9710 | * | 2024 year low | S1 | 6.8810 | * | 16 Feb low | |
| R3 | 6.9500 | * | congestion, 38.2% | S2 | 6.8600 | * | 11 Mar low | |
| R2 | 6.9300 | ** | Jan low, congestion | S3 | 6.8270 | ** | 26 Feb YTD low | |
| R1 | 6.9100 | * | congestion | S4 | 6.8000 | * | congestion |
Asterisk denotes strength of level
03:45 GMT - Remains in consolidation as prices extend choppy trade within the 6.8600/6.9100 range. Daily and weekly studies are tracking higher and suggest scope for break above the 6.9100 congestion to open up strong resistance the 6.9300/6.9500 area to retest. Break here will see room for stronger gains to retrace the losses from the April 2025 year high and see scope to resistance at 6.9710, 2024 year low. Meanwhile, support at the 6.8810 and extending to 6.8600 low of last week should underpin and sustain bounce from the 6.8270, February current year low.