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FxWirePro: USD/CNY back below 6.70 mark, PBOC sets yuan mid-point at 6.6911

  • USD/CNY is currently trading around 6.6915 marks.
     
  • It made intraday high at 6.6957 and low at 6.6845 levels.
     
  • Intraday bias remains slightly bullish for the moment.
     
  • A sustained close above 6.6881 marks will test key resistances at 6.7122, 6.7210, 6.7380, 6.7422, 6.7510, 6.7778 and 6.8072 marks respectively.
     
  • Alternatively, a daily close below 6.6881 will drag the parity down towards key supports at 6.6853, 6.6650, 6.6540 and 6.6234 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 6.6911 / dlr vs last close 6.6880.

We prefer to take short position on USD/CNY around 6.7000, stop loss at 6.7210 and target of 6.6650.

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2019-05-27 02:34:53
0m

May 27 01:30 UTC Released

CNSales Turnover

Actual

-3.7 Percent

Forecast

Previous

13.9 Percent

May 27 01:30 UTC Released

CNTurnover/sales cum Y/Y

Actual

-3.4 Percent

Forecast

Previous

-3.3 Percent

January 31 00:00 UTC 692909692909m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 692909692909m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 704729704729m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 692909692909m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 704729704729m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 692909692909m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 692909692909m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 692909692909m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

Close

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