Published: 2026-04-20T15:57:08.000Z
Chart USD/CNH Update: Further consolidation
1
Little change, as prices extend cautious trade beneath resistance at the 6.8270 monthly low of 26 February
| 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 | * | 26 Feb (m) low | S4 | 6.7350 | * | 61.8% 2022/2025 rally |
Asterisk denotes strength of level
16:50 BST - Little change, as prices extend cautious trade beneath resistance at the 6.8270 monthly low of 26 February. Oversold daily stochastics are unwinding, suggesting room for a test above here. But the bearish daily Tension Indicator and negative weekly charts should limit scope in renewed selling interest beneath resistance at the 6.8600 - 6.8700 range. Following cautious trade, fresh losses are looked for. But a close below critical support at 6.8000 is needed to turn sentiment negative and extend broad April 2025 losses initially towards congestion around 6.7750.