Published: 2026-04-27T05:13:06.000Z
Chart USD/CNH Update: Consolidating
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Lower in consolidation from the 17300 all-time high as prices unwind overbought daily studies
| Level | Imp | Comment | Level | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 6.9000 | * | congestion | S1 | 6.8270 | * | Feb low | |
| R3 | 6.8700 | ** | 1 Apr low | S2 | 6.8060 | ** | 14 Apr YTD low, congestion | |
| R2 | 6.8600 | * | 11 Mar low | S3 | 6.7750 | congestion | ||
| R1 | 6.8440 | * | 13 Apr high | S4 | 6.7500 | * | congestion |
Asterisk denotes strength of level
05:10 GMT - Lower in consolidation from the 17300 all-time high as prices unwind overbought daily studies. Would take break here and the 6.8440 resistance to open up room for stronger gains to strong resistance at the 6.8600/6.8700 area. Corrective bounce is expected to give way to renewed selling pressure later and below the 6.8270 support will return focus to the downside for retest of the 6.8060 April current year low. Below the latter and the 6.8000 level will further retrace gains from the 2022 year low to support at 6.7750/6.7500 congestion area.