Published: 2026-05-13T04:15:32.000Z
Chart USD/CNH Update: Extending to fresh year low
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Pressure remains on the downside but bearish momentum slows as prices extend to fresh year low
| Level | Imp | Comment | Level | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 6.8600 | * | 11 Mar low | S1 | 6.7885 | intraday low | ||
| R3 | 6.8500 | ** | 29 Apr high, congestion | S2 | 6.7750 | congestion | ||
| R2 | 6.8270 | * | Feb low | S3 | 6.7500 | * | congestion | |
| R1 | 6.8060 | * | Apr low | S4 | 6.7350 | * | 61.8% 2022/2025 rally |
Asterisk denotes strength of level
04:10 GMT - Pressure remains on the downside but bearish momentum slows as prices extend to fresh year low. However, the downside remains vulnerable and lower will see room to further extend losses from the April 2025 year high to support at the 6.7750/6.7500 congestion area. Meanwhile, resistance remains at the 6.8060/6.8270 April and February lows which is expected to cap corrective bounce. Lift over these will pause bearish extension and see room for stronger corrective bounce to resistance at the 6.8500/6.8600 area.