Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

FxWirePro: USD/CNY trades in narrow range, PBOC sets yuan mid-point at 6.6282

  • USD/CNY is currently trading around 6.6366 marks.
     
  • It made intraday high at 6.6427 and low at 6.6344 levels.
     
  • Intraday bias remains neutral for the moment.
     
  • A sustained close above 6.6405 marks will test key resistances at 6.6464, 6.6513, 6.6615, 6.6673, 6.6735 and 6.6964 marks respectively.
     
  • Alternatively, a daily close below 6.6210 will drag the parity down towards key supports at 6.6039, 6.5839, 6.5710, 6.5635, 6.5456 and 6.5371 marks respectively.
     
  • PBOC sets yuan mid-point at 6.6282/ dlr vs last close 6.6378.
     
  • Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart.

We prefer to take short position in USD/CNY only below 6.6210, stop loss at 6.6405 and target of 6.6018.

FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest

  • ET PRO
  • Market Data

Market-moving news and views, 24 hours a day >

November 24 15:30 UTC Released

USECRI Weekly Index*

Actual

145.6 %

Forecast

Previous

145.6 %

November 24 14:45 UTC Released

US1st Half-Mth Infl YY*

Actual

54.6 %

Forecast

Previous

54.6 %

November 27 09:00 UTC 29622962m

ITExport Prices*

Actual

Forecast

Previous

111 %

November 27 09:00 UTC 29622962m

ITImport Prices*

Actual

Forecast

Previous

116.1 %

November 27 14:00 UTC 32623262m

MXTrade Balance, $*

Actual

Forecast

Previous

-1.886 Bln USD

November 27 14:00 UTC 32623262m

MXTrade Balance SA*

Actual

Forecast

Previous

-1.559 Bln USD

November 27 15:30 UTC 33523352m

USDallas Fed mfg bus index

Actual

Forecast

Previous

27.6

November 27 21:00 UTC 36823682m

KRBOK Manufacturing BSI*

Actual

Forecast

Previous

87 Bln BRL

November 28 00:00 UTC 38623862m

BRCentral Govt Balance

Actual

Forecast

Previous

-22.725 Bln BRL

November 28 07:00 UTC 42824282m

DEGDP Growth QQ* Advance

Actual

Forecast

Previous

10.7 %

Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.