Published: 2026-08-14T02:42:25.000Z
Chart USD/CNH Update: Drifting above 6.7400 low
1
Little change, as prices drift within a narrow range above the 6.7400 current year low
| Level | Imp | Comment | Level | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 6.8000 | * | congestion | S1 | 6.7400 | ** | 7 Aug YTD low | |
| R3 | 6.7800 | ** | 3 Jul low | S2 | 6.7350 | * | 61.8% 2022/2025 rally | |
| R2 | 6.7630 | * | 21 Jul low | S3 | 6.7200 | * | congestion | |
| R1 | 6.7540 | ** | Jun low | S4 | 6.7000 | ** | 2023 year low |
Asterisk denotes strength of level
02:35 GMT - Little change, as prices drift within a narrow range above the 6.7400 current year low. Break here will further extend the bear trend from the April 2025 year high and see room to target support at 6.7350 Fibonacci level. Lower still, will see extension to the 6.7200 congestion and 6.7000, 2023 year low. However, oversold daily studies and divergence on weekly studies caution corrective bounce with resistance starting at 6.7540, June low. Above here will open up room for strong corrective bounce to retrace losses from the 6.8200 high.