- USD/CNY is currently trading around 6.5690 marks.
- It made intraday high at 6.5750 and low at 6.5665 levels.
- Intraday bias remains bearish till the time pair holds key resistance at 6.5750 levels.
- On the top side, a sustained close above 6.5930 marks will test key resistance at 6.6042 (January 07, 2016 high) marks.
- Alternatively, reversal from key resistance will drag the parity down towards key supports at 6.5510(20D EMA), 6.5369, 6.5758, 6.4910, 6.4721 and 6.4531 levels.
- Important to note here that, 20D EMA, 30D and 55D EMA heads up, which confirms bullish trend. Current downside movement is short term trend correction only.
- PBOC sets Yuan mid-point at 6.5658/ dollar vs last close 6.5750.
We prefer to take short position in USD/CNY only below 6.5600, stop loss 6.5750 and target 6.5510 levels.


FxWirePro: USD/JPY remains buoyant, looks to extend gains
Short Covering Lifts NZD/JPY: Buying the 88.48 Dip Amid Moving Average Resistance
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/AUD consolidating around 1.9000 , room for further gains
JPY Major Currency Score: Strongly Bullish Against NZDJPY, EURJPY, and CADJPY (Bearish Bias)
FxWirePro: GBP/USD rebounds as markets assess Mann’s inflation warning
FxWirePro: NZD/USD attracts selling interest, vulnerable to more downside
FxWirePro- Major Crypto levels and bias summary
FxWirePro: EUR/AUD recovers some ground but outlook is bearish
NZD/JPY Facing EMA Resistance Below 90: Is a Bearish Continuation Underway?
EUR/USD Rebounds Above 1.1250 Ahead of Fed Minutes: Technicals Eye Buy-on-Dips Target at 1.1365
FxWirePro: USD/ZAR advances as strong dollar and higher oil prices pressure rand
BTC and ETH Derivatives Report: Long Flush Normalizes Futures, Options Show Range Consolidation
FxWirePro: GBP/NZD bulls loosen their grip a bit, dips to be bought
FxWirePro:EUR/NZD eases slightly but trend is still bullish
Major Pair Currency Score: EURUSD, NZDUSD & AUDUSD Bearish; USDCAD & USDCHF Bullish
FxWirePro- Woodies Pivot 



