- USD/CNY is currently trading around 6.8797 marks.
- It made intraday high at 6.8835 and low at 6.8684 levels.
- Intraday bias remains neutral for the moment.
- A sustained close above 6.8811 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 6.8811 will drag the parity down towards key supports at 6.8554, 6.8449, 6.8333, 6.8298, 6.8090 and 6.7769 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 6.8588/dollar vs last close 6.8818.
We prefer to take long position in USD/CNY only above 6.8830, stop loss at 6.8554 and target of 6.9032.


FxWirePro- Woodies Pivot(Major)
FxWirePro: EUR/NZD runs out of steam but maintains bullish outlook
Yen Capitulation Sends GBPJPY to 17-Year Peak – 212.60 Next?
FxWirePro: EUR/NZD uptrend loses steam, remains on bullish path
FxWirePro: USD/JPY retreats as Japan signals possible FX intervention
FxWirePro: NZD/USD maintains bullish bias with focus on 0.5900
FxWirePro: USD/CAD slips as oil rally boosts loonie
EUR/JPY Surges on Yen Weakness: Bullish Momentum Eyes 186-187 Targets
FxWirePro- Major Pair levels and bias summary
NZDJPY Bulls Charge Ahead: Buying the Dips Above 90 for a Shot at 92
FxWirePro: USD/CNY downside pressure builds, key support level In focus
FxWirePro- Major Crypto levels and bias summary
NZDJPY: Bearish Signals Sell-on-Rally Opportunity Below 92
FxWirePro- Major European Indices
FxWirePro: GBP/NZD attracts buying interest, 38.2% fib eyed
FxWirePro: GBP/USD advances on steady UK GDP growth
FxWirePro: AUD/USD edges higher ahead of RBA meeting minutes 



