- USD/CNY is currently trading around 6.5472 marks.
- It made intraday high at 6.5530 and low at 6.5399 levels.
- Intraday bias remains bullish for the moment.
- A sustained close above 6.5405 marks will test key resistances at 6.5566, 6.5887, 6.6013, 6.6227, 6.6673, 6.6735, 6.6814, 6.7055, 6.7206, 6.7289 and 6.7373 marks respectively.
- Alternatively, a daily close below 6.5405 will drag the parity down towards key supports at 6.5205, 6.4829, 6.4772, 6.4510, 6.4429, 6.4345, 6.4119 and 6.4060 marks respectively.
- PBOC sets yuan mid-point at 6.5465/ dlr vs last close 6.5447.
- Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart.
- China August urban investment (ytd) y/y decrease to 7.8 % (forecast 8.2 %) vs previous 8.3 %.
- China August industrial output y/y decrease to 6 % (forecast 6.6 %) vs previous 6.4 %.
- China August retail sales y/y decrease to 10.1 % (forecast 10.5 %) vs previous 10.4 %.
We prefer to take long position in USD/CNY around 6.5370, stop loss at 6.5205 and target of 6.5887.
FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest


FxWirePro: EUR/NZD positions for another drop, eyes 2.0100 level
FxWirePro: USD/CAD dips below lower range, bearish bias increases
FxWirePro- Major Pair levels and bias summary
Bitcoin Stalls on Boxing Day: Flat at $87K Amid Bearish EMAs – But CCI Signals Buy Dips to $85K for $100K+ Targets
FxWirePro: USD/JPY bears maintain upper hand
FxWirePro: GBP/AUD outlook weaker on renewed downside pressure
AUD/JPY Buoyed by Holiday Calm: Buy the Dips Above 103.80 for a Run Toward 106
FxWirePro- Woodies Pivot(Major)
FxWirePro: EUR/CAD extends fall, vulnerable to more downside
FxWirePro: EUR/AUD dips below lower range, bearish bias increases
Ethereum Stuck in Neutral: Range-Bound at $2.9K with Bearish EMAs – But Dip-Buyers Eye $2958 for $3600+ Breakout
FxWirePro: EUR/NZD set for bigger drop, but close below key fibo needed
FxWirePro: AUD/USD bulls gain momentum heading into the year end
FxWirePro: EUR/AUD attracts selling interest, vulnerable to more downside
FxWirePro: GBP/ NZD neutral in the near-term, scope for downward resumption 



