- USD/CNY is currently trading around 6.8850 marks.
- It made intraday high at 6.8915 and low at 6.8792 levels.
- Intraday bias remains bearish till the time pair holds key resistance at 6.9073 mark.
- A sustained close above 6.8830 marks will test key resistances at 6.8980, 6.9073, 6.9146, 6.9204, 6.9336, 6.9496, 6.9615, 6.9778 and 6.9883 marks respectively.
- Alternatively, a daily close below 6.8830 will drag the parity down towards key supports at 6.8621, 6.8550, 6.8465, 6.8333, 6.8298, 6.8090 and 6.7769 marks respectively.
- PBOC sets Yuan mid-point at 6.8889/dollar vs last close 6.8928.
We prefer to take short position in USD/CNY around 6.8865, stop loss at 6.9073 and target of 6.8621.


FxWirePro- Woodies Pivot(Major)
FxWirePro: NZD/USD maintains bullish bias with focus on 0.5900
FxWirePro: GBP/AUD tracks lower on firmer Australian dollar
0.7870 Break Looms – Next Stop 0.7800 for USDCHF?
FxWirePro: EUR/NZD downside pressure builds, key support level in focus
FxWirePro: EUR/CAD slips as firm oil price lift loonie despite soft GDP data
FxWirePro: USD/JPY extends falls as Japanese yen extends rally after hawkish BoJ minutes
NZDJPY: Sell the Rallies as Bears Guard 92 and Range Trade Persists
FxWirePro: EUR/AUD slips following RBA minutes , plunge to test a key fibo grows
FxWirePro: AUD/USD firms on hawkish RBA meeting minutes
FxWirePro-Major European Indices
FxWirePro: USD/CAD slips as oil rally boosts loonie
FxWirePro: EUR/AUD uptrend loses steam, remains on bullish path
Pound Strike Forces EURGBP Retreat – Next Stop 0.8660?
FxWirePro: GBP/AUD loses momentum but bullish setup remains 



