Published: 2026-01-27T03:26:56.000Z
Chart USD/CNH Update: Edged up in consolidation from 6.9425 low
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Little change, as prices settled into consolidation at the 6.9500 level following bounce from 6.9425, fresh year low
| Level | Imp | Comment | Level | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 7.0500/40 | ** | congestion, 3 Dec low | S1 | 6.9425 | * | 26 Jan YTD low | |
| R3 | 7.0300 | * | congestion | S2 | 6.9300 | * | congestion | |
| R2 | 6.9960/00 | ** | 8 Jan high, congestion | S3 | 6.9000 | ** | congestion | |
| R1 | 6.9710 | * | Sep 2024 year low | S4 | 6.8700 | * | 76.4% 2023/2025 rally |
Asterisk denotes strength of level
03:25 GMT - Little change, as prices settled into consolidation at the 6.9500 level following bounce from 6.9425, fresh year low. Bounce see prices unwinding oversold daily and weekly studies but gains are likely to remain limited with resistance at the 6.9710/6.9800 area expected to cap. Lift over this will open up room for stronger corrective bounce to retrace losses from the October swing high to the strong resistance at 6.9960/7.0000 area. A later break of the 6.9425 low will see room for extension to congestion at 6.9300 and the 6.9000 figure.