• USD/CNY slipped towards the 6.90 level on Thursday as the yuan was supported by strong corporate demand ahead of the Lunar New Year and improved sentiment toward Chinese assets.
• Companies, especially exporters, typically require yuan before the Lunar New Year holiday to meet obligations such as wages, supplier payments, and bonuses...
• The yuan was also supported by improved sentiment toward onshore equity and bond markets.
• The yuan has gained 1.3% against the dollar so far this year, following a 4.5% rise last year, its strongest annual performance since 2020.
• Immediate resistance is located at 6.920(Feb 10th high), any close above will push the pair towards 6.945 (SMA 20).
• Support is seen at 6.901(23.6%fib) and break below could take the pair towards 6.895 (Lower BB).
Recommendation: Good to sell around 6.903 with stop loss of 6.910 and target price of 6.890


FxWirePro- Major European Indices
FxWirePro: AUD/USD softens slightly, but remains bid overall
FxWirePro -Major European Indices
FxWirePro: USD/CAD recovers slightly but bearish outlook persists
FxWirePro: USD/ZAR rebounds strongly, upside pressure builds
Sterling Surge: GBPJPY Eyes 214.00 as Yen Weakness Fuels Five-Day Rally
Pound Under Pressure: GBPJPY Pauses Five-Day Rally for Tactical Profit Booking
FxWirePro: GBP/AUD under pressure , knocking on door of key support
Bitcoin Teeters Near USD 70,000 as USD 245 Million Liquidation Wave Rocks Crypto Markets
Aussie Ascent: AUDJPY Bulls Target 115.00 Following Broad-Based AUD Buying
FxWirePro: GBP/NZD topside capped, sellers still hold the advantage
FxWirePro- Woodies Pivot(Major)
FxWirePro- Woodies Pivot(Major)
Bitcoin’s Tug-of-War: Institutional Inflows Battle Technical Resistance at USD 72,500
FxWirePro: EUR/AUD falls below 1.6200 level, plunge to test a key fibo grows
FxWirePro: GBP/USD dips after US CPI data, key support level in focus 



