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Chart USD/CNY 1-Yr Update: Consolidation prevails



20 Jun USD/CNY 1-Yr NDF Daily

01::22 GMT - Starting the new day on a consolidative tone and ability to clear the 6.2415 resistance will revive upmove from 6.2010 low towards 61.8% mark at 6.2421 ahead of 6.2445. On the downside, dip below 6.2255 support will jeopardise this 1-1/2 week upmove. [W.T]
R5: 6.2526 9 Jun high
R4: 6.2507 * 30 May low, break
R3: 6.2445 6 Jun low
R2: 6.2421 61.8% of 6.2675-6.2010 drop
R1: 6.2415 18 Jun high

S1: 6.2255 17 Jun low
S2: 6.2220 12 Jun high
S3: 6.2127 * 13 Jun low
S4: 6.2040 11 Jun low
S5: 6.2010 * 10 Jun low