Published: 2026-08-05T02:34:47.000Z
Chart USD/CNH Update: Consolidating, room for lower later
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Little change, as prices extend consolidation from the 6.7422 July current year low
| Level | Imp | Comment | Level | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 6.8100 | * | Jul high | S1 | 6.7422 | ** | 31 Jul YTD low | |
| R3 | 6.8000 | * | congestion | S2 | 6.7350 | * | 61.8% 2022/2025 rally | |
| R2 | 6.7800 | ** | 3 Jul low | S3 | 6.7200 | * | congestion | |
| R1 | 6.7630 | * | 21 Jul low | S4 | 6.7000 | ** | 2023 year low |
Asterisk denotes strength of level
02:35 GMT - Little change, as prices extend consolidation from the 6.7422 July current year low. Above the 6.7540 June low see room for stronger bounce to resistance at 6.7630 low of 21 July. Regaining the latter will see room to strong resistance at 6.7800 which is expected to cap. Bearish structure from the 6.8200 June high keep pressure on the downside and suggest consolidation giving way to renewed selling pressure later. Below the 6.7422 low will see room to extend the bear trend from the April 2025 year high to target support at 6.7350 Fibonacci level and the 6.7200 congestion.