Published: 2026-09-22T05:25:59.000Z
Chart USD/CNH Update: Extend consolidation above 6.6900
1
Little change, as prices remains in consolidation just above the 6.6900 level
| Level | Imp | Comment | Level | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 6.7630 | * | 21 Jul low | S1 | 6.6800 | * | wedge | |
| R3 | 6.7540 | ** | Jun low | S2 | 6.6700 | ** | 2023 year low | |
| R2 | 6.7400 | * | 7 Aug low, congestion | S3 | 6.6500 | ** | congestion | |
| R1 | 6.7150 | * | 26 Aug low | S4 | 6.6200 | * | congestion |
Asterisk denotes strength of level
05:20 GMT - Little change, as prices remains in consolidation just above the 6.6900 level. Daily studies are stretched but further losses cannot be ruled out. Lower will see room to wedge support at 6.6800 level then 6.6700, 2023 year low. Meanwhile, resistance at the 6.7030 congestion and extending to 6.7150, late-August low, are expected to cap. Above these needed to ease the downside pressure and open up room for stronger bounce to strong resistance at the 6.7330/6.7400, congestion and 7 August low.