Published: 2026-05-14T04:53:18.000Z
Chart USD/CNH Update: Extending losses
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Presure remains on the downside as prices extend losses from the April 2025 year high to reach fresh low at 6.7815
| Level | Imp | Comment | Level | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 6.8600 | * | 11 Mar low | S1 | 6.7750 | congestion | ||
| R3 | 6.8500 | ** | 29 Apr high, congestion | S2 | 6.7500 | * | congestion | |
| R2 | 6.8270 | * | Feb low | S3 | 6.7350 | * | 61.8% 2022/2025 rally | |
| R1 | 6.8060 | * | Apr low | S4 | 6.7000 | ** | figure, congestion |
Asterisk denotes strength of level
04:45 GMT - Presure remains on the downside as prices extend losses from the April 2025 year high to reach fresh low at 6.7815. Lower still, will see room to support at the 6.7750/6.7500 congestion area. However, oversold daily and weekly studies caution corrective bounce. Meanwhile, resistance remains at the 6.8060/6.8270 April and February lows which are expected to cap corrective bounce. Only above here will pause bearish pressure and see room for stronger corrective bounce to resistance at the 6.8500/6.8600 area.