Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

FxWirePro: Chinese yuan rises against U.S. dollar, PBOC sets yuan mid-point at 6.8996

  • USD/CNY is currently trading around 6.8928 marks.
     
  • It made intraday high at 6.9153 and low at 6.8924 levels.
     
  • Intraday bias remains slightly bearish for the moment.
     
  • A sustained close above 6.9075 marks will test key resistances at 6.9210, 6.9396, 6.9525 and 6.9620 marks respectively.
     
  • Alternatively, a daily close below 6.9075 will drag the parity down towards key supports at 6.8886, 6.8525, 6.8348, 6.8210, 6.8095, 6.8020 and 6.7864 marks respectively.
     
  • Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart.
     
  • PBOC sets yuan mid-point at 6.8996 / dlr vs last close 6.9099.

We prefer to take long position on USD/CNY around 6.89, stop loss at 6.88 and target of 6.9210.

  • ET PRO
  • Market Data

Market-moving news and views, 24 hours a day >

January 21 03:00 UTC Released

THBased Trade Data

Actual

1.06 1.76

Forecast

-1.1 1.76

Previous

-1.18 1.76

January 21 03:00 UTC Released

THBased Import Data

Actual

-8.15 13.7

Forecast

3.87 13.7

Previous

14.66 13.7

January 31 00:00 UTC 511565511565m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 511565511565m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 523385523385m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 511565511565m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 523385523385m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 511565511565m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 511565511565m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 511565511565m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.