Published: 2026-03-02T03:25:58.000Z
Chart USD/CNH Update: Consolidating gains to 6.8875 high, room for higher later
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Gapped up opening has seen gains to 6.8875 high before settling back in consolidation
| Level | Imp | Comment | Level | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 6.9500 | * | congestion | S1 | 6.8500 | * | congestion | |
| R3 | 6.9300 | ** | Jan low, congestion | S2 | 6.8270 | ** | 26 Feb YTD low | |
| R2 | 6.9000/65 | * | congestion, 20 Feb high | S3 | 6.8100 | * | Mar 2023 low | |
| R1 | 6.8875 | intraday high | S4 | 6.8000 | ** | figure, congestion |
Asterisk denotes strength of level
03:20 GMT - Gapped up opening has seen gains to 6.8875 high before settling back in consolidation to unwind overbought intraday studies. Daily and weekly studies are unwinding oversold readings and suggest congestion giving way to fresh buying interest later to correct sharp losses from the 7.1535, October swing high. Higher will see room to resistance at the 6.9000 and 6.9300 congestion area. Meanwhile, support is raised to 6.8500 level which should underpin and sustain bounce from the 6.8270, February current year low.