Published: 2026-03-06T04:05:05.000Z
Chart USD/CNH Update: Consolidating, room for higher later
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Extending choppy trade within the 6.9300/6.8810 area as prices consolidate gains from the 6.8270 February current year low
| Level | Imp | Comment | Level | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 7.0000 | * | 2024 year low | S1 | 6.8810 | ** | 16 Feb low | |
| R3 | 6.9700 | * | 2024 year low | S2 | 6.8500 | * | congestion | |
| R2 | 6.9500 | * | congestion | S3 | 6.8270 | ** | 26 Feb YTD low | |
| R1 | 6.9300 | ** | Jan low, congestion | S4 | 6.8100 | * | Mar 2023 low |
Asterisk denotes strength of level
04:00 GMT - Extending choppy trade within the 6.9300/6.8810 area as prices consolidate gains from the 6.8270 February current year low. Positive daily and weekly studies suggest consolidation to give way to renewed buying interest later to retest 6.9430 high and 6.9500 resistance. Above these will see room to extend corrective gains to retrace losses from the October swing high to resistance at 6.9700 and 7.0000 figure. Meanwhile, support remains at the 6.9000/6.8810 area which should underpin. Only below this will fade the upside pressure.