Published: 2026-03-18T06:18:26.000Z
Chart USD/CNH Update: Under pressure
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Extending rejection from the 6.9100 level and break of the 6.8810 support opening up room for retest of the 6.8600 low
| Level | Imp | Comment | Level | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 6.9700 | * | 2024 year low | S1 | 6.8600 | * | 11 Mar low | |
| R3 | 6.9500 | * | congestion, 38.2% | S2 | 6.8270 | ** | 26 Feb YTD low | |
| R2 | 6.9300 | ** | Jan low, congestion | S3 | 6.8000 | * | congestion | |
| R1 | 6.9100 | * | congestion | S4 | 6.7500 | * | congestion |
Asterisk denotes strength of level
06:10 GMT - Extending rejection from the 6.9100 level and break of the 6.8810 support opening up room for retest of the 6.8600 low of last week. Daily studies have crossed lower from overbought areas and highlight risk for break of the latter to extend losses from the 6.9300/6.9500 resistance area to retest the 6.8270 low. Below this will extend the broader losses from April 2025 year high and see room to 6.8000. Meanwhile, resistance at the 6.9100 lower high is expected to cap and sustain rejection from the 6.9300/6.9500 area.