Forex - Chart USD/CNH Update: Consolidation with bias downside


Published at 01:40 (GMT) 29 May

  

Chart USD/CNH Update: Consolidation with bias downside (HHSC8301)

29 May USD/CNH Daily

02::07 GMT - The move to 6.2004 low last session is helping to retain downside pressure and intraday trade should continue to attract the short side with slippage below 6.1992 support to expose further setback towards stronger support at 6.1934. [W.T]
R5: 6.2246 * 27 Apr high
R4: 6.2198 28 Apr high
R3: 6.2166 * 11 May high
R2: 6.2108 * 13/19 May highs
R1: 6.2069 28 May high

S1: 6.1992 25 May low
S2: 6.1934 * 22 May low
S3: 6.1883 27 Apr low
S4: 6.1863 * 17 Apr low
S5: 6.1842 * 61.8% of 6.1113-6.3020 up-leg

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