Published: 2026-07-13T03:12:59.000Z
Chart USD/CNH Update: Consolidating, room for lower later
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Steadied at the 6.7800 support as prices consolidate pullback from the 6.8100 high
| Level | Imp | Comment | Level | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 6.8500 | ** | 29 Apr high | S1 | 6.7800 | * | congestion | |
| R3 | 6.8270 | * | congestion, Feb low | S2 | 6.7540 | ** | 17 Jun YTD low | |
| R2 | 6.8200 | ** | Jun high | S3 | 6.7350 | * | 61.8% 2022/2025 rally | |
| R1 | 6.8100 | * | 8 Jul high | S4 | 6.7200 | congestion |
Asterisk denotes strength of level
03:10 GMT - Steadied at the 6.7800 support as prices consolidate pullback from the 6.8100 high. Consolidation expected to give way to break later to extend pullback from the 6.8200 June high and return focus to the downside for retest of 6.7600 congestion and 6.7540 June current year low. However, oversold weekly studies and bullish divergence suggest the latter expected to underpin. Meanwhile, resistance at 6.8000/6.8100 congestion and 8 July high is expected to cap. Break here will clear the way for retest of 6.8200 high and see room for stronger corrective gains to retrace losses from the April 2025 year high.