FxWirePro- Major Pair levels and bias summary 
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FxWirePro- Major European Indices 
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FxWirePro- Major Pair levels and bias summary 
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FxWirePro: GBP/NZD retreats slightly but trend is still bullish 
FxWirePro: USD/CNY neutral in the near-term, scope for downward resumption 
- USD/CNY is currently trading around 6.7697 marks.
- It made intraday high at 6.7845and low at 6.7538 levels.
- Intraday bias remains bearish till the time pair holds key resistance at 6.7845 marks.
- On the top side, a sustained close above 6.7845 marks will test key resistances at 6.8025 and 6.8158 marks respectively.
- Alternatively, a daily close below 6.7540 will drag the parity down towards key supports at 6.7439, 6.7370, 6.7288, 6.7180 and 6.7055.
- PBOC sets Yuan mid-point at 6.7832/ dollar vs last close 6.7838.
- Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart. Current downside movement is short term trend correction only.
- China October CPI Y/Y increases to 2.1 % (forecast 2.1 %) vs previous 1.9 %.
- China October CPI m/m decrease to -0.1 % (forecast 0.0 %) vs previous 0.7 %.
We prefer to take long position in USD/CNY around 6.7620, stop loss at 6.7540 and target of 6.7845/6.8025.
