Published: 2026-04-29T05:49:50.000Z
Chart USD/CNH Update: Higher in consolidation from 6.8060 low
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Higher in consolidation from the 6.8060 low to reach resistance at the 6.8440, 13 April high
| Level | Imp | Comment | Level | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 6.9000 | * | congestion | S1 | 6.8270 | * | Feb low | |
| R3 | 6.8700 | ** | 1 Apr low | S2 | 6.8060 | ** | 14 Apr YTD low, congestion | |
| R2 | 6.8600 | * | 11 Mar low | S3 | 6.7750 | congestion | ||
| R1 | 6.8440 | * | 13 Apr high | S4 | 6.7500 | * | congestion |
Asterisk denotes strength of level
05:50 GMT - Higher in consolidation from the 6.8060 low to reach resistance at the 6.8440, 13 April high. Break here will see room for extension to strong resistance at the 6.8600/6.8700 area which is expected to cap. Clearance here, if seen, will open up room for stronger gains to the 6.9000 level. Corrective bounce are expected to give way to renewed selling pressure later and below the 6.8270 support will return focus to the downside for retest of the 6.8060 April current year low. Lower will see room to the 6.8000 level and further retrace gains from the 2022 year low to support at 6.7750/6.7500 congestion area.