Forex - Chart USD/CNY 1-Yr Update: Still in consolidation


Published at 01:26 (GMT) 1 Jul

    

Chart USD/CNY 1-Yr Update: Still in consolidation (HZDC8401)

01 Jul USD/CNY 1-Yr NDF Daily

01::03 GMT - Both daily chart pattern and technical tools remain at neutral ground, extending consolidation and an upside break of 6.2510 resistance will expose gain to higher end of 1-1/2 month triangle. On the downside, break of 6.2382/75 supports will trigger a bearish breakout of this formation. [W.T]
R5: 6.2760 * 8 May high
R4: 6.2660 29 Apr low
R3: 6.2605 * 29 May congestion high
R2: 6.2590 16 Jun high
R1: 6.2510 29 Jun high

S1: 6.2395 25 Jun low
S2: 6.2382/75 22 Jun/25 May lows
S3: 6.2340 * 22 May low
S4: 6.2305 * 28 Oct low
S5: 6.2273 9 Oct low

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