- USD/CNY is currently trading around 6.8839 marks.
- It made intraday high at 6.9032 and low at 6.8779 levels.
- Intraday bias remains bearish for the moment. .
- A sustained close above 6.8985 marks will test key resistances at 6.9080, 6.9162, 6.9336, 6.9496, 6.9615, 6.9778 and 6.9883 marks respectively.
- Alternatively, a daily close below 6.8985 will drag the parity down towards key supports at 6.8720, 6.8510 and 6.8449 marks respectively.
- Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart. Current downside movement is short term trend correction only.
- PBOC sets Yuan mid-point at 6.8992/ dollar vs last close 6.9005.
We prefer to go short on USD/CNY around 6.8850, stop loss at 6.9080 and target of 6.8720/6.8510.


FxWirePro- Woodies Pivot(Major)
FxWirePro: GBP/USD dips lower on negative UK retail sales data
FxWirePro: AUD/USD firms on hawkish RBA meeting minutes
FxWirePro- Major US Indices
FxWirePro: GBP/USD advances on steady UK GDP growth
FxWirePro: EUR/NZD runs out of steam but maintains bullish outlook
Yen Capitulation Sends GBPJPY to 17-Year Peak – 212.60 Next?
FxWirePro: AUD/USD edges higher ahead of RBA meeting minutes
EUR/JPY Surges on Yen Weakness: Bullish Momentum Eyes 186-187 Targets
FxWirePro: USD/ZAR extends losses ,eyes 16.400 level
FxWirePro: EUR/AUD uptrend loses steam, remains on bullish path
FxWirePro- Major European Indices
FxWirePro: GBP/NZD attracts buying interest, 38.2% fib eyed
FxWirePro:EUR/AUD eases but bullish outlook persists
FxWirePro- Major Pair levels and bias summary
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/AUD moves lower on weak UK data 



