Published: 2026-07-06T06:42:40.000Z
Chart USD/CNH Update: Consolidating
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Little change, as prices steadied above 6.7800 support to consolidate losses from the 6.8195 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 | 6.8195 | ** | 24 Jun high | S3 | 6.7350 | * | 61.8% 2022/2025 rally | |
| R1 | 6.8000 | * | congestion | S4 | 6.7200 | congestion |
Asterisk denotes strength of level
06:35 GMT - Little change, as prices steadied above 6.7800 support to consolidate losses from the 6.8195 high. Would take break here to expose the 6.7540 June current year low to retest and extend the broader losses from the April 2025 high to 6.7350, 61.8% Fibonacci level. Meanwhile, resistance starts at the 6.8000 figure. Regaining this will ease the downside pressure and open up room for retest of 6.8195 high. Clearance will see room to extend corrective gains from the June current year low to resistance at 6.8270 and the 6.8500/6.8600 area.