Published: 2026-05-04T06:18:27.000Z
Chart USD/CNH Update: Under pressure, focus return to 6.8060 low
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Break of the 6.8270 support see prices extending pullback from the 6.8500 corrective high
| Level | Imp | Comment | Level | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 6.8700 | ** | 1 Apr low | S1 | 6.8060 | ** | 14 Apr YTD low, congestion | |
| R3 | 6.8600 | * | 11 Mar low | S2 | 6.7750 | congestion | ||
| R2 | 6.8500 | * | congestion | S3 | 6.7500 | * | congestion | |
| R1 | 6.8300 | congestion | S4 | 6.7350 | * | 61.8% 2022/2025 rally |
Asterisk denotes strength of level
06:10 GMT - Break of the 6.8270 support see prices extending pullback from the 6.8500 corrective high. Breakdown return focus to the 6.8060, 14 April current year low. Below this will extend losses from the April 2025 year high and see room to the 6.8000 level. Lower still, will see room to extend losses to support at 6.7750/6.7500 congestion area and 61.8% Fibonacci retracement at 6.7350. Meanwhile, resistance is at the 6.8300 congestion and this extend to the 6.8500 high of last week. This area is expected to cap and sustain losses from the 6.9300/6.9500 resistance.