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FxWirePro: Gold trades slightly higher amid strong US dollar, good to sell on rallies

FxWirePro: FTSE100 trades lower as China to reduce stimulus plan, good to sell on rallies

Crypto Technicals: ETH/USD recovery attempts capped below 5-DMA, bias slightly bearish

Crypto Technicals: XRP/USD breaks strong support at 0.3035, further weakness on charts

FxWirePro: USD/INR remains well supported above 70.00 mark, downside limited

FxWirePro: GBPJPY hovers near yesterday low as BOJ kept rates unchanged, markets eye Kuroda speech

USDCHF downside cushioned by 5 day MA, jump till 1.02950 likely

FxWirePro: USD/CNY jumps above 6.73 mark, PBOC sets yuan mid-point at 6.7307

FxWirePro: Japanese yen trades almost flat ahead of BOJ’s policy rate decision

FxWirePro:DXY hits 22-month high, good to buy on dips

FxWirePro:EUR/USD forms Bullish pattern, good to buy on dips

GBPCAD faces strong support around 1.7300 level, markets eye BOC

FxWirePro:USDCAD surges above 1.3500 level on dovish BOC, good to buy on dips

FxWirePro: Japanese yen trades marginally lower after mixed economic data

Crypto Technicals: BTC/USD extends gradual grind higher along 5-DMA support, bias bullish

FxWirePro: USD/THB touches key resistance at 32.10 mark in early Asia, consistent close above targets 32.54 mark

FxWirePro: NZD/USD consolidates below 61.8% Fib, intraday bias bearish

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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Economics Monitor

April 26 01:30 UTC Released

AUImport Prices*

Actual

-0.5 %

Forecast

Previous

0.5 %

April 26 01:30 UTC Released

AUBudget, Year-To-Date, C$*

Actual

4.5 Bln CAD

Forecast

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4.4 Bln CAD

January 31 00:00 UTC 648111648111m

ARAnnual Primary Balance*

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Forecast

2016 bln ARS

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Bln AR bln ARS

January 31 00:00 UTC 648111648111m

ARAnnual Primary Balance*

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2016 bln ARS

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Bln AR bln ARS

January 22 19:00 UTC 659931659931m

ARTrade Balance

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-1541 %

January 31 00:00 UTC 648111648111m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

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Bln AR bln ARS

January 22 19:00 UTC 659931659931m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 648111648111m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 648111648111m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 648111648111m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

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