Published: 2026-08-06T02:33:59.000Z
Chart USD/CNH Update: Leaning lower
1
Leaning lower in consolidation after bounce attempt was kept in check below the 6.7630 resistance
| Level | Imp | Comment | Level | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 6.8100 | * | Jul high | S1 | 6.7422 | ** | 31 Jul YTD low | |
| R3 | 6.8000 | * | congestion | S2 | 6.7350 | * | 61.8% 2022/2025 rally | |
| R2 | 6.7800 | ** | 3 Jul low | S3 | 6.7200 | * | congestion | |
| R1 | 6.7630 | * | 21 Jul low | S4 | 6.7000 | ** | 2023 year low |
Asterisk denotes strength of level
02:30 GMT - Leaning lower in consolidation after bounce attempt was kept in check below the 6.7630 resistance. Return below 6.7500 expose the 6.7422 low to retest. Below here will see room to extend the bear trend from the April 2025 year high to target support at 6.7350 Fibonacci level. Lower still, will see room to the 6.7200 congestion and 6.7000, 2023 year low. Meanwhile, resistance at 6.7630 low of 21 July is expected to cap. Regaining this will ease the downside pressure and see room for stronger bounce to resistance at 6.7800, 3 July low.