- USD/CNY is currently trading around 6.7798 marks.
- It made intraday high at 6.7841 and low at 6.7789 levels.
- Intraday bias remains bearish till the time pair holds key resistance at 6.8009 mark.
- A sustained close above 6.7834 marks will test key resistances at 6.8009, 6.8070, 6.8250, 6.8440, 6.8526, 6.8671, 6.8882, 6.8942, 6.9010 marks 6.9080 marks respectively.
- Alternatively, a daily close below 6.7834 will drag the parity down towards key supports at 6.7757, 6.7607, 6.7520, 6.7436 and 6.7222 marks respectively.
- Fitch affirms china at 'A+'; outlook stable.
- PBOC sets yuan mid-point at 6.7774/ dlr vs last close 6.7848.
We prefer to take short position in USD/CNY around 6.7800, stop loss at 6.7890 and target of 6.7607.
FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest


FxWirePro- Woodies Pivot(Major)
NZDJPY: Sell the Rallies as Bears Guard 92 and Range Trade Persists
USD/CHF Bears in Control: Dips Below 0.7870 Signal More Downside Ahead
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/ZAR down trend loses steam, remains on bearish path
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/AUD downside pressure builds, key support level in focus
FxWirePro: USD/CAD outlook weaker on renewed downside pressure
CAD/JPY Holds Positive Bias Despite Canada’s Sharp GDP Contraction: Buy Dips Toward 116 Target
FxWirePro: EUR/NZD set for bigger drop, but close below key fibo needed
FxWirePro: EUR/CAD slips as firm oil price lift loonie despite soft GDP data
FxWirePro: EUR/NZD downside pressure builds, key support level in focus
GBP/JPY Stuck in Holiday Neutral: Range-Bound at 210 Ahead of Christmas
FxWirePro: EUR/CAD extends fall, vulnerable to more downside
FxWirePro: EUR/AUD slips following RBA minutes , plunge to test a key fibo grows 



