Published 01:05 (GMT) 23 Apr
![Chart USD/CNY [CN] Update: Range-bound (XDSC5801)](http://content.fxmarketalerts.com/wmf/v1/800x0/__A0A0A0/XDSC5801-BZGCPFQK-1.gif "Chart USD/CNY [CN] Update: Range-bound (Chart 1)")
23 Apr USD/CNH Daily
01::05 GMT - Neutral stance of daily technical tools is prolonging the listless consolidation seen last 4 sessions with prices stuck within the 6.1725-6.1860 range and with the 2-month upper down channel line protecting upside at 6.1902, strategy still favour the short side with move below 6.1725 support to put bears back in control. [W.T]
R5: 6.1990 9 Apr high
R4: 6.1965 * 15/16 Apr highs
R3: 6.1902 * 2-mth upper channel line
R2: 6.1860 * 17 Apr high
R1: 6.1838 22 Apr high
S1: 6.1745 22 Apr low
S2: 6.1725 * 18 Apr low
S3: 6.1700 figure
S4: 6.1673 swing target
S5: 6.1580 * 2-mth lower channel line
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