Published: 2026-07-03T05:41:21.000Z
Chart USD/CNH Update: Edging lower
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Edging lower as prices extend pullback from the 6.8195 high of last week to unwind overbought daily studies
| 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
05:35 GMT - Edging lower as prices extend pullback from the 6.8195 high of last week to unwind overbought daily studies. Pullback threatens retest of the 6.7800 support which is expected to underpin. 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. Meanwhile, resistance at the 6.8000 figure is expected to cap. Regaining this needed to ease the downside pressure and open up room for retest of 6.8195 high and the 6.8270 resistance.