Published: 2026-06-12T06:10:30.000Z
Chart USD/CNH Update: Under pressure
-
Under pressure, as prices extend pullback from the 6.7920 bounce high to threaten retest of the 6.7580, 2 June current year low
| Level | Imp | Comment | Level | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 6.8200/70 | ** | congestion, Feb low | S1 | 6.7580 | ** | 2 Jun YTD low | |
| R3 | 6.8000/60 | * | congestion, Apr low | S2 | 6.7500 | * | congestion | |
| R2 | 6.7920 | ** | 8 Jun high | S3 | 6.7350 | * | 61.8% 2022/2025 rally | |
| R1 | 6.7800 | * | congestion | S4 | 6.7200 | congestion |
Asterisk denotes strength of level
06:05 GMT - Under pressure, as prices extend pullback from the 6.7920 bounce high to threaten retest of the 6.7580, 2 June current year low. Break here will extend losses from the April 2025 year high and see extension to support at the 6.7500 level and 6.7350, 61.8% Fibonacci retracement. Meanwhile, resistance at the 6.7800/6.7920 area expected to cap. Would take break here to open up room for stronger correction to retrace losses from the 6.9435 March swing high to resistance at the 6.8000/6.8200 area.