Published: 2026-06-24T06:31:12.000Z
Chart USD/CNH Update: Extend corrective gains
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Consolidation around the 6.7800 congestion has given way to stronger gains to reach resistance at the 6.8000/60 area
| Level | Imp | Comment | Level | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 6.8600 | * | Mar low | S1 | 6.7800 | * | congestion | |
| R3 | 6.8500 | * | 29 Apr high | S2 | 6.7540 | ** | 17 Jun YTD low | |
| R2 | 6.8200/70 | ** | congestion, Feb low | S3 | 6.7350 | * | 61.8% 2022/2025 rally | |
| R1 | 6.8000/60 | * | congestion, Apr low | S4 | 6.7200 | congestion |
Asterisk denotes strength of level
06:20 GMT - Consolidation around the 6.7800 congestion has given way to stronger gains to reach resistance at the 6.8000/60 area. Break above the 2-month wedge pattern see prices unwind oversold daily and weekly studies and room for stronger gains to retrace losses from the 6.9300/6.9400 March highs. Higher will see room to strong resistance at 6.8200/70 area. Meanwhile, support remain at the 6.7800 congestion which is expected to underpin. Below here will see return to the 6.7540 low and resumption of losses from April 2025 high.