Published: 2026-07-23T06:11:07.000Z
Chart USD/CNH Update: Drifting in consolidation
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Little change, as prices edged up from the 6.7635 low to consolidate losses from the 6.8200 June high
| Level | Imp | Comment | Level | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 6.8200 | ** | Jun high | S1 | 6.7635 | * | 21 Jul low | |
| R3 | 6.8100 | * | 8 Jul 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
06:10 GMT - Little change, as prices edged up from the 6.7635 low to consolidate losses from the 6.8200 June high. Bounce see resistance starting at 6.7800 and lift over this is needed to fade the downside pressure and see room for stronger gains to retrace losses from the 6.8200 June high to the 6.8000 level. Consolidation is expected to give way to renewed selling pressure later. Break of the 6.7635 low will open up the 6.7540 June current year low to retest and extend the underlying bear trend from the April 2025 year high.