Published: 2026-09-04T04:24:36.000Z
Chart USD/CNH Update: Under pressure
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Under pressure as consolidation gives way to selling pressure to extend losses from the 6.8200 June swing high
| Level | Imp | Comment | Level | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 6.7630 | * | 21 Jul low | S1 | 6.7150 | * | 26 Aug YTD low | |
| R3 | 6.7540 | ** | Jun low | S2 | 6.7000 | ** | 2023 year low | |
| R2 | 6.7400 | * | 7 Aug low, congestion | S3 | 6.6670 | * | 15 Jun 2022 low | |
| R1 | 6.7330 | 28 Aug high | S4 | 6.6500 | * | congestion |
Asterisk denotes strength of level
04:20 GMT - Under pressure as consolidation gives way to selling pressure to extend losses from the 6.8200 June swing high. Break of the 6.7150 low will extend losses from the April 2025 year high and see room for extension to support at 6.7000, 2023 year low. Lower still, will see scope to 6.6670 support from 15 June 2022 low. However, bullish divergence on weekly studies caution corrective bounce to retrace losses from the 6.9440 March swing high. Would take break above resistance at the 6.7330/6.7400 area to open up room to strong resistance at the 6.7540/6.7630 previous lows.