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FxWirePro: EUR/KRW moves directionless since last 2-week, stay neutral

FxWirePro: USD/CHF holds well above 1.000 level, good to buy on dips

FxWirePro: Chinese yaun trades flat at 6.9375 mark, PBOC sets yuan mid-point at 6.9377

FxWirePro: XAG/USD moves in stiff boundaries, stay bullish only above $14.32 mark

FxWirePro: CHF/JPY trades lower for 3rd day and major support is at 100- day MA, good to sell on rallies

FxWirePro:USD/CHF downside capped by trend line support, good to buy on dips

FxWirePro: GBP/JPY shows see-saw movement on Brexit deal hope, good to buy on dips

FxWirePro: USD/SGD trades in narrow range, faces key resistance at 1.3790 mark

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FxWirePro: USD/THB consolidates around 32.94 mark, sustained close above requires for upside rally

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FxWirePro: EUR/USD trades above 20 day MA , jump till 1.1500 likely

FxWirePro: GBP/USD shows wild swing on continuous Brexit news, good to buy on dips

FxWirePro:GBP/JPY consolidates after huge sell-off yesterday, good to sell on rallies

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FxWirePro: Chinese yaun rises on the back of higher than expected house price data

FxWirePro:USD/CHF Trade Idea

FxWirePro: USD/CNY hits fresh 6-month high at 6.5406 mark, PBOC sets yuan mid-point at 6.4893

Monday, June 25, 2018 6:54 AM UTC
0
comments
  • USD/CNY is currently trading around 6.5322 marks.
     
  • It made intraday high at 6.5406 and low at 6.5008 levels.
     
  • Intraday bias remains bullish till the time pair holds key support at 6.4899 marks.
     
  • A sustained close above 6.5026 marks will test key resistances at 6.5407, 6.5580, 6.5858 and 6.6042 marks respectively.
     
  • Alternatively, a daily close below 6.5026 will drag the parity down towards key supports at 6.4899, 6.4639, 6.4378, 6.4125 and 6.4017 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 6.4893 / dlr vs last close 6.4950.

We prefer to take long position on USD/CNY around 6.5250, stop loss 6.5000 and target of 6.5580/6.5749.

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-1541 %

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Actual

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2016 bln ARS

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ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

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