- USD/CNY is currently trading around 6.7260 marks.
- It made intraday high at 6.7373 and low at 6.7250 levels.
- Intraday bias remains bearish till the time pair holds key resistance at 6.7486 mark.
- A sustained close above 6.7361 marks will test key resistances at 6.7486, 6.7529, 6.7668, 6.7757, 6.7842, 6.8009, 6.8070, 6.8250, 6.8440, 6.8526, 6.8671, 6.8882, 6.8942, 6.9010 and 6.9080 marks respectively.
- Alternatively, a daily close below 6.7361 will drag the parity down towards key supports at 6.7239, 6.7118 and 6.7011 marks respectively.
- China July NBS non-manufacturing PMI decrease to 54.5 vs previous 54.90.
- China July NBS manufacturing PMI decrease to 51.4 (forecast 51.6) vs previous 51.7.
- PBOC sets yuan mid-point at 6.7283/ dlr vs last close 6.7360.
- China sets yuan mid-point at the strongest level since October 14, 2016.
We prefer to take long position in USD/CNY only above 6.7510, stop loss at 6.7239 and target of 6.7698.
FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest


EUR/GBP Holiday Slumber: Bearish Bias Intact Below 0.8800 Resistance
FxWirePro: USD/JPY bears maintain upper hand
FxWirePro: AUD/USD bulls gain momentum heading into the year end
FxWirePro: EUR/CAD slips as firm oil price lift loonie despite soft GDP data
FxWirePro- Major Crypto levels and bias summary
NZDJPY: Sell the Rallies as Bears Guard 92 and Range Trade Persists
FxWirePro- Woodies Pivot(Major)
CAD/JPY Holds Positive Bias Despite Canada’s Sharp GDP Contraction: Buy Dips Toward 116 Target
FxWirePro: USD/CAD outlook weaker on renewed downside pressure
FxWirePro: EUR/CAD extends fall, vulnerable to more downside
FxWirePro: USD/ZAR outlook weaker on renewed downside pressure
FxWirePro: GBP/USD runs out of steam but maintains bullish outlook
FxWirePro: GBP/AUD tracks lower on firmer Australian dollar
FxWirePro: USD/JPY extends falls as Japanese yen extends rally after hawkish BoJ minutes
FxWirePro: EUR/NZD set for bigger drop, but close below key fibo needed 



