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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.

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2018-12-10 00:41:44
0m

December 9 01:30 UTC Released

CNCPI MM

Actual

-0.3 %

Forecast

Previous

0.2 %

December 9 01:30 UTC Released

CNPPI YY

Actual

2.7 %

Forecast

2.7 %

Previous

3.3 %

January 31 00:00 UTC 450771450771m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 450771450771m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 462591462591m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 450771450771m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 462591462591m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 450771450771m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 450771450771m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 450771450771m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

Close

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