Published: 2026-06-18T05:58:38.000Z
Chart USD/CNH Update: Higher in consolidation from 6.7540 fresh year low
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Turned up from the 6.7540 low has seen bounce to reach resistance at 6.7800/15 area and wedge top
| Level | Imp | Comment | Level | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 6.8200/70 | ** | congestion, Feb low | S1 | 6.7500 | * | congestion | |
| R3 | 6.8000/60 | * | congestion, Apr low | S2 | 6.7350 | * | 61.8% 2022/2025 rally | |
| R2 | 6.7920 | ** | 8 Jun high | S3 | 6.7200 | congestion | ||
| R1 | 6.7800 | * | congestion | S4 | 6.7000 | ** | congestion |
Asterisk denotes strength of level
05:40 GMT - Turned up from the 6.7540 low has seen bounce to reach resistance at 6.7800/15 area and wedge top. Oversold daily and weekly studies suggest scope for stronger bounce here to retrace losses from the 6.9300/6.9400 March highs to the 6.7920/6.8000 area. Higher still, if seen, will see room to strong resistance at 6.8200/70 area. Meanwhile, support at the 6.7500 congestion expected to buoy. Would take break here to see further extension to the 6.7350/6.7200, 61.8% Fibonacci level and congestion.