Published: 2026-04-16T04:57:33.000Z
Chart USD/CNH Update: Consolidating, room for lower later
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Little change, as prices hold steady above the 6.8060 low to consolidate the recent sharp losses from 6.9300 resistance
| Level | Imp | Comment | Level | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 6.9000 | * | congestion | S1 | 6.8000 | ** | figure, congestion | |
| R3 | 6.8700 | ** | 1 Apr low | S2 | 6.7750 | congestion | ||
| R2 | 6.8600 | * | 11 Mar low | S3 | 6.7500 | * | congestion | |
| R1 | 6.8270 | * | Feb low | S4 | 6.7350 | * | 61.8% 2022/2025 rally |
Asterisk denotes strength of level
04:50 GMT - Little change, as prices hold steady above the 6.8060 low to consolidate the recent sharp losses from 6.9300 resistance. Intraday and daily studies are stretched and suggest scope for corrective bounce. However, gains are likely to be limited with resistance starting at the 6.8270 February low. Would need lift over this to open up room for stronger corrective bounce to strong resistance at the 6.8600/6.8700 area. A later break of the 1.0860 low and the 6.8000 level will see room to further retrace gains from the 2022 year low to support at 6.7750/6.7500 congestion area.