Published: 2026-02-26T03:17:33.000Z
Chart USD/CNH Update: Extending losses
-
Sharply lower following break of the 6.8810/00 support to extend losses below the 6.8500 congestion
| Level | Imp | Comment | Level | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 6.9000/65 | ** | congestion, 20 Feb high | S1 | 6.8200 | congestion | ||
| R3 | 6.8800/10 | ** | congestion, 16 Feb low | S2 | 6.8100 | * | Mar 2023 low | |
| R2 | 6.8700 | * | congestion | S3 | 6.8000 | ** | figure, congestion | |
| R1 | 6.8550 | intraday congestion | S4 | 6.7750 | * | congestion |
Asterisk denotes strength of level
03:15 GMT - Sharply lower following break of the 6.8810/00 support to extend losses below the 6.8500 congestion. Lower will see room to support at the 6.8200/6.8100 area and 6.8000 figure. Deep oversold daily and weekly studies suggest reaction at the latter likely to correct sharp losses from the 6.9960, January current year high. Meanwhile, resistance is lowered to the 6.8550/6.8700 congestion area which is expected to cap. Would need to regain this to open up room for bounce to strong resistance at 6.8800/10.