Published: 2026-04-01T04:23:50.000Z
Chart USD/CNH Update: Leaning lower
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Break of support at the 6.9100 level has given way to deeper pullback to 6.8800 support
| Level | Imp | Comment | Level | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 6.9710 | * | 2024 year low | S1 | 6.8800 | * | 16 Feb low, congestion | |
| R3 | 6.9500 | * | 38.2% 2025/Feb fall | S2 | 6.8600 | ** | 11 Mar low | |
| R2 | 6.9300 | ** | Jan low, congestion | S3 | 6.8270 | ** | 26 Feb YTD low | |
| R1 | 6.9100 | * | congestion | S4 | 6.8100 | * | Mar 2023 low |
Asterisk denotes strength of level
04:20 GMT - Break of support at the 6.9100 level has given way to deeper pullback to 6.8800 support as daily studies unwind overbought readings. Break here will fade the upside pressure and see room for pullback to 6.8600 March low. Below the latter will open up the 6.8270 February YTD low to retest and threatens break and further retrace the 2022/2025 rally. Meanwhile, resistance is lowered to the 6.9100 congestion which should cap and sustain rejection from the 6.9270 Monday's high.