Published: 2026-08-25T03:15:53.000Z
Chart USD/CNH Update: Consolidating above 6.7180 fresh year low
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Consolidating test of the 6.7180 Friday's fresh year low as prices unwind oversold intraday studies
| Level | Imp | Comment | Level | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 6.7800 | ** | 3 Jul low | S1 | 6.7180 | ** | 21 Aug YTD low | |
| R3 | 6.7630 | * | 21 Jul low | S2 | 6.7000 | ** | 2023 year low | |
| R2 | 6.7540 | ** | Jun low | S3 | 6.6670 | * | 15 Jun 2022 low | |
| R1 | 6.7400 | 7 Aug low, congestion | S4 | 6.6500 | * | congestion |
Asterisk denotes strength of level
03:15 GMT - Consolidating test of the 6.7180 Friday's fresh year low as prices unwind oversold intraday studies. Negative daily and weekly studies keep pressure on the downside and further losses cannot be ruled out. Lower will extend the bear trend from the April 2025 year high to target the 6.7000, 2023 year low and wedge support. Bullish divergence on weekly chart caution corrective bounce with resistance starting at 6.7400 previous low. Above here will open up room for stronger corrective bounce to retrace losses from the 6.8200 June high to resistance at the 6.7540/6.7630 recent lows.