- USD/CNY is currently trading around 6.8881 marks.
- It made intraday high at 6.8898 and low at 6.8781 levels.
- Intraday bias remains bullish till the time pair holds key support at 6.88 mark.
- A daily close below 6.8801 will drag the parity down towards key supports at 6.87, 6.8550, 6.8449, 6.8090, 6.7969, 6.7769, 6.7540, 6.7439, 6.7370, 6.7288, 6.7180 and 6.7055.
- On the top side, a sustained close above 6.8850 marks will test key resistances at 6.8960, 6.9052, 6.9128, 6.9237, 6.9330, 6.9435, 6.9637 and 6.9883 marks respectively.
- Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart.
- PBOC sets Yuan mid-point at 6.8870/ dollar vs last close 6.89.
- China’s November Caixin services PMI increases to 53.1 vs previous 52.4.
We prefer to take long position in USD/CNY around 6.8850, stop loss at 6.8750 and target of 6.9035/6.9197.


FxWirePro: USD/CNY neutral in the near-term, scope for downward resumption
FxWirePro- Major Crypto levels and bias summary
AUDJPY Bulls Stay in Control: Buy the Dips Above 103.80 Targeting 106
FxWirePro: USD/ZAR edges higher but bearish outlook persists
GBPJPY Rockets Post-BOJ Hike: Bullish Surge to 210 in Sight – Buy Dips Targeting 212
CADJPY Pulls Back on Weak Canadian Retail Data: Dips to 113 Prime Buying Opportunity Targeting 116
FxWirePro:EUR/AUD eases but bullish outlook persists
EURJPY Surges Post-BOJ Hike: Bullish Momentum Builds – Buy Dips Targeting 185
FxWirePro: GBP/AUD moves lower on weak UK data
FxWirePro: USD/CNY downside pressure builds, key support level In focus
FxWirePro- Woodies Pivot(Major)
EUR/JPY Surges on Yen Weakness: Bullish Momentum Eyes 186-187 Targets
FxWirePro: USD/JPY retreats as Japan signals possible FX intervention
FxWirePro: AUD/USD bulls struggle to hold on US CPI induced gains
FxWirePro: AUD/USD edges higher ahead of RBA meeting minutes
Aussie-Yen Holds Firm Post-BOJ Rate Boost: Intraday Bullish Momentum Intact
FxWirePro: GBP/NZD attracts buying interest, 38.2% fib eyed 



