Published: 2026-08-24T02:57:24.000Z
Chart USD/CNH Update: Consolidating at 6.7200
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Consolidating test of the 6.7200 fresh year low as prices unwind oversold intraday studies
| Level | Imp | Comment | Level | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 6.7800 | ** | 3 Jul low | S1 | 6.7200 | * | congestion | |
| R3 | 6.7630 | * | 21 Jul low | S2 | 6.7000 | ** | 2023 year low | |
| R2 | 6.7540 | ** | Jun low | S3 | 6.6670 | * | 15 Jun 2022 low | |
| R1 | 6.7400 | 7 Aug low, congestion | S4 | 6.6500 | * | congestion |
Asterisk denotes strength of level
02:50 GMT - Consolidating test of the 6.7200 fresh year low as prices unwind oversold intraday studies. However, negative daily and weekly studies keep pressure on the downside and break here will see room to extend the bear trend from the April 2025 year high to target the 6.7000, 2023 year low and wedge support. However, oversold daily studies and bullish divergence on weekly chart caution corrective bounce to resistance at 6.7400. Above here will see room for stronger bounce to retrace losses from the 6.8200 June high to resistance at the 6.7540/6.7630 recent lows.