Published: 2026-09-16T04:39:33.000Z
Chart USD/CNH Update: Scope for bounce from 6.7030 low
-
Little change, as prices trade narrowly within the 6.7030/6.7150 range
| Level | Imp | Comment | Level | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 6.7630 | * | 21 Jul low | S1 | 6.7030 | ** | 9 Sep YTD low | |
| R3 | 6.7540 | ** | Jun low | S2 | 6.7000 | ** | 2023 year low | |
| R2 | 6.7400 | * | 7 Aug low, congestion | S3 | 6.6650 | * | congestion | |
| R1 | 6.7150 | * | 26 Aug low | S4 | 6.6500 | * | congestion |
Asterisk denotes strength of level
04:40 GMT - Little change, as prices trade narrowly within the 6.7030/6.7150 range. Bullish divergence on both daily and weekly studies suggest scope for bounce from the 6.7030 low to correct losses from the 6.8200, June high. Above the 6.7150 resistance will open up room towards strong resistance at the 6.7330/6.7400, congestion and 7 August low. Higher still, will see scope to strong resistance at 6.7540/6.7600, June low and congestion area. Break of the 6.7030 low and 6.7000 figure, if seen, will open up room for bearish extension to 6.6650/6.6500 congestion area.