Published: 2026-05-22T06:12:22.000Z
Chart USD/CNH Update: Weighing on the 6.8000 level
2
Little change, as prices extend consolidation at the 6.8000 level following rejection fromn the 6.8215 Monday's bounce high
| Level | Imp | Comment | Level | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 6.9000 | * | figure, congestion | S1 | 6.8000 | * | congestion | |
| R3 | 6.8600 | * | 11 Mar low | S2 | 6.7815 | ** | 14 May YTD low | |
| R2 | 6.8500 | ** | 29 Apr high, congestion | S3 | 6.7750 | * | congestion | |
| R1 | 6.8270 | * | Feb low | S4 | 6.7500 | * | congestion |
Asterisk denotes strength of level
06:10 GMT - Little change, as prices extend consolidation at the 6.8000 level following rejection from the 6.8215 Monday's bounce high. Risk is for break here to expose the 6.7815 low to retest. Break here will extend the losses from the April 2025 year high and see room for extension to support at the 6.7750/6.7500 congestion area. Lower still, will see scope to 6.7350, 61.8% Fibonacci retracement. Meanwhile, resistance is at the 6.8270 February low. Would take break here to open up room for stronger corrective gains to the 6.8500/6.8600 resistance.