Published: 2026-08-13T02:36:45.000Z
Chart USD/CNH Update: Drifting narrowly above 6.7400 low
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Little change, as prices drift narrowly above the 6.7400, 7 August current year low
| Level | Imp | Comment | Level | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 6.8000 | * | congestion | S1 | 6.7400 | ** | 7 Aug YTD low | |
| R3 | 6.7800 | ** | 3 Jul low | S2 | 6.7350 | * | 61.8% 2022/2025 rally | |
| R2 | 6.7630 | * | 21 Jul low | S3 | 6.7200 | * | congestion | |
| R1 | 6.7540 | ** | Jun low | S4 | 6.7000 | ** | 2023 year low |
Asterisk denotes strength of level
02:30 GMT - Little change, as prices drift narrowly above the 6.7400, 7 August current year low. Bearish structure from the 6.8200 June swing high keep pressure on the downside and see scope to further extend the bear trend from the April 2025 year high. Break will see room to target support at 6.7350 Fibonacci level. Lower still, will see scope to the 6.7200 congestion and 6.7000, 2023 year low. However, divergence on weekly studies caution corrective bounce with resistance starting at 6.7540, June low. Above here will open up room for strong corrective bounce to retrace losses from the 6.8200 high.