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FxWirePro: GBP/NZD consolidates around 2.0980,bias is bullish 
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FxWirePro: EUR/ NZD gently bid,a close above a key level needed to tighten grip 
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FxWirePro: EUR/AUD bulls rebuilding within solid support at 1.6405 
FxWirePro: GBP/NZD maintains bullish bias with focus on 2.1100 level 
FxWirePro- Major Pair Levels and Bias Summary 
FxWirePro- Major Pair Levels and Bias Summary 
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- USD/CNY is currently trading around 6.7789 marks.
- It made intraday high at 6.7807 and low at 6.7716 levels.
- Intraday bias remains bullish till the time pair holds key support at 6.7500 marks.
- A sustained close above 6.7710 marks will test key resistances at 6.7887, 6.8072, 6.8210, 6.8525 and 6.8886 marks respectively.
- Alternatively, a daily close below 6.7710 will drag the parity down towards key supports at 6.7580, 6.7510, 6.7422, 6.7180, 6.7050, 6.6722 and 6.6422 marks respectively.
- Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart.
- PBOC sets yuan mid-point at 6.7623 / dlr vs last close 6.7718.
- China Jan 2019 PPI yy decrease to 0.1 % (forecast 0.2 %) vs previous 0.9 %.
- China Jan 2019 CPI yy decrease to 1.7 % (forecast 1.9 %) vs previous 1.9 %.
- China Jan 2019 CPI mm increase to 0.5 % (forecast 0.5 %).
We prefer to take long position on USD/CNY around 6.7740, stop loss at 6.7510 and target of 6.8072.
