- 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: GBP/USD hit six month high, scope for further upside
FxWirePro : EUR/NZD dips, set to stay on back foot
FxWirePro- Woodies pivot (Major)
FxWirePro: GBP/AUD erases earlier gains ,Outlook bearish
NZDJPY Surges: Bullish Momentum Builds as 93.40 Support Holds
AUDJPY Consolidates Near Highs: Bullish Trend Intact Above 112.60
FxWirePro- Major Pair levels and bias summary
FxWirePro- Woodies pivot (Major)
Gold Rebounds Past $4450: Bullish Structure Targets $4700 Resistance
FxWirePro: USD/JPY gains as yen retreats after Japan trade data
FxWirePro- Major Crypto levels and bias summary
EUR/USD and GBP/USD Hit Peak Bullish Score (+100) as USD/CAD Plunges to Extremely Bearish (-100)
FxWirePro- Major Pair levels and bias summary
JPY Currency Score: USDJPY Bears the Brunt as Other Pairs Shine
FxWirePro: GBP/NZD downside pressure builds, key support level in focus 



