Published: 2026-05-26T05:50:25.000Z
Chart USD/CNH Update: Consolidating at 6.7800 fresh year low
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Steadied at fresh year low at 6.7800 as prices unwind oversold intraday studies
| Level | Imp | Comment | Level | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 6.8600 | * | 11 Mar low | S1 | 6.7800 | ** | 25 May YTD low | |
| R3 | 6.8500 | ** | 29 Apr high, congestion | S2 | 6.7750 | * | congestion | |
| R2 | 6.8200/70 | ** | congestion, Feb low | S3 | 6.7500 | * | congestion | |
| R1 | 6.8000 | * | congestion | S4 | 6.7350 | * | 61.8% 2022/2025 rally |
Asterisk denotes strength of level
05:45 GMT - Steadied at fresh year low at 6.7800 as prices unwind oversold intraday studies. However, pressure remains on the downside and see risk for break here to extend losses from the 7.4295, April 2025 year high. Lower will see room to support at the 6.7750 and 6.7500 congestion area. Lower still, will see scope to 6.7350, 61.8% Fibonacci retracement. Meanwhile, resistance is lowered to the 6.8000 congestion which is expected to cap and sustain rejection from strong resistance at the 6.8200/70 level and February low.