Published: 2026-03-10T03:56:30.000Z
Chart USD/CNH Update: Leaning lower in choppy trade
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Leaning lower in choppy trade as consolidation met with selling pressure at the 6.9300/6.9500 congestion area
| Level | Imp | Comment | Level | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 7.0000 | * | 2024 year low | S1 | 6.8810 | ** | 16 Feb low | |
| R3 | 6.9700 | * | 2024 year low | S2 | 6.8500 | * | congestion | |
| R2 | 6.9500 | * | congestion | S3 | 6.8270 | ** | 26 Feb YTD low | |
| R1 | 6.9300 | ** | Jan low, congestion | S4 | 6.8100 | * | Mar 2023 low |
Asterisk denotes strength of level
03:50 GMT - Leaning lower in choppy trade as consolidation met with selling pressure at the 6.9300/6.9500 congestion area. Pullback see pressure returning to the 6.8810 support with negative daily studies suggesting scope for break here to return focus to the downside. Below this will open the way for retest of support at the 6.8500 congestion then the 6.8270, February current year low. Meanwhile, resistance is lowered to the 6.9000 level which should cap and sustain rejection from the 6.9300/6.9500 resistance area.