Published: 2026-04-17T06:28:31.000Z
Chart USD/CNH Update: Consolidating
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Higher from the 6.8060 low as prices consolidate sharp losses from the 6.9300/6.9500 resistance
| Level | Imp | Comment | Level | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 6.9000 | * | congestion | S1 | 6.8000 | ** | figure, congestion | |
| R3 | 6.8700 | ** | 1 Apr low | S2 | 6.7750 | congestion | ||
| R2 | 6.8600 | * | 11 Mar low | S3 | 6.7500 | * | congestion | |
| R1 | 6.8270 | * | Feb low | S4 | 6.7350 | * | 61.8% 2022/2025 rally |
Asterisk denotes strength of level
06:25 GMT - Higher from the 6.8060 low as prices consolidate sharp losses from the 6.9300/6.9500 resistance. Bounce see prices unwinding oversold intraday and daily studies with resistance starting at 6.8270 February low. Break here will see room for stronger corrective bounce to strong resistance at the 6.8600/6.8700 area which is expected to cap. Correction expected to give way to renewed selling pressure later and break of the 1.0860 low and the 6.8000 level will further retrace gains from the 2022 year low to support at 6.7750/6.7500 congestion area.