Published: 2026-07-15T03:08:58.000Z
Chart USD/CNH Update: Under pressure
1
Consolidation at the 6.7800 support has given way to break to extend losses from the 6.8200 June high
| Level | Imp | Comment | Level | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 6.8270 | * | congestion, Feb low | S1 | 6.7600 | * | congestion | |
| R3 | 6.8200 | ** | Jun high | S2 | 6.7540 | ** | 17 Jun YTD low | |
| R2 | 6.8000 | * | congestion | S3 | 6.7350 | * | 61.8% 2022/2025 rally | |
| R1 | 6.7800 | ** | 3 Jul low | S4 | 6.7200 | congestion |
Asterisk denotes strength of level
03:00 GMT - Consolidation at the 6.7800 support has given way to break to extend losses from the 6.8200 June high. Lower will see room for retest of 6.7600 congestion then the 6.7540, June current year low. Would expect reaction at the latter but bearish trend from the April 2025 high is expected to give way to break to the 6.7350, 61.8% Fibonacci retracement. Meanwhile, resistance is lowered to 6.7800 low of 3 July which is expected to cap and sustain losses from the 24 June high. Above here will ease the downside pressure and further extend consolidation to 6.8000.