FxWirePro: USD/ZAR drops below 16.200 level, heads deeper into bear territory 
FxWirePro- Major Pair levels and bias summary 
FxWirePro: USD/CAD downside pressure builds, key support level in focus 
FxWirePro- Major Crypto levels and bias summary 
UK Markets Face Rising Volatility as Hedge Funds Target Pound and Gilts 
S&P 500 Surges Ahead of Trump Inauguration as Markets Rally 
Apple Downgraded by Jefferies Amid Weak iPhone Sales and AI Concerns 
FxWirePro: USD/CNY downtrend loses steam, remains on bearish path 
Infosys Shares Drop Amid Earnings Quality Concerns 
Why your retirement fund might soon include cryptocurrency 
FxWirePro: USD/CAD hits three-week low, vulnerable to more downside 
Ferrari Group to Launch IPO in Amsterdam, Targets Over $1 Billion Valuation 
European Stocks Rally on Chinese Growth and Mining Merger Speculation 
Tempus AI Stock Soars 18% After Pelosi's Investment Disclosure 
Tech Stocks Rally in Asia-Pacific as Dollar Remains Resilient 
FxWirePro: EUR/NZD downside pressure builds, key support level in focus 
Wall Street Rebounds as Investors Eye Tariff Uncertainty, Jobs Report 
USD/CNY is currently trading around 6.9315 marks.
- It made intraday high at 6.9611 and low at 6.9288 levels.
- Intraday bias remains bearish till the time pair holds key resistance at 6.9650 mark.
- A sustained close above 6.9580 marks will test key resistances at 6.98, 6.9920, 7.0120, 7.0388, 7.0552, 7.07 and 7.0920 marks respectively.
- Alternatively, a daily close below 6.9578 will drag the parity down towards key supports at 6.9210, 6.90, 6.8658, 6.84 and 6.8222 marks respectively.
- 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’s Caixin services PMI stands at 26.5 vs 51.8 previous release (expected 48.0).
We, at FxWirePro, prefer to take short position on USD/CNY around 6.94, stop loss at 6.97 and target of 6.9210/6.90.
