Published: 2026-05-19T04:15:27.000Z
Chart USD/CNH Update: Consolidating above 6.7815 low
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Settled back to consolidate at the 6.8000 level following pullback from the 6.8215 bounce high
| Level | Imp | Comment | Level | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 6.8600 | * | 11 Mar low | S1 | 6.7815 | ** | 14 May YTD 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
04:15 GMT - Settled back to consolidate at the 6.8000 level following pullback from the 6.8215 bounce high. Bearish structure threatens pullback to retest the 6.7815 low and where break will open up room for extension to support at the 6.7750/6.7500 congestion area and 6.7350, 61.8% Fibonacci retracement. Meanwhile, resistance at the 6.8060/6.8270 April and February lows are expected to cap. Would take break of these to ease bearish pressure and see room for stronger corrective gains to the 6.8500/6.8600 resistance.