China's Yuan fell to its four and half year low on account of weak Chinese economy and expectations of a U.S interest rate hike.
- USD/CNY has climbed up to 6.4583 this week from 6.400 which would be highest weekly depreciation since the week of surprise devaluation on Aug 11.
- The PBOC set its daily guidance rate at its weakest level since August 2011.
- "A U.S. rate hike would have a major impact on money flows out of emerging markets including Hong Kong and China," said Linus Yip, chief strategist at First Shanghai Securities.
- Technically the pair has broken 6.4485 (Oct 10th high) and is expected to reach till 6.527/6.60 level.
- The weakness can be seen only below 6.318 level.


NZDJPY Technical Outlook: Bearish Bias Deepens as Key Resistances Hold
Dollar Resurgence Propels USDCHF Above 0.8000: Technicals Signal Continued Bullish Momentum Toward 0.8150
Euro Bulls Retreat: EURUSD Faces Resistance at 1.1500 as Technical Indicators Signal Further Downside
FxWirePro: NZD/USD cautiously bid as traders sense end to Iran war
Sterling’s Six-Week Streak Snaps: GBPJPY Slumps Toward 210.00 as Bearish Momentum Intensifies
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/JPY neutral in the near-term, scope for downward resumption
FxWirePro: AUD/USD gains some ground but remains sensitive to Middle East tensions
FxWirePro: USD/CNY dips as China’s yuan strengthens on Iran war de escalation hopes
FxWirePro: USD/ZAR loses momentum but outlook is bullish
FxWirePro: USD/JPY stuck in narrow ranges amid intervention risks
Bitcoin Recovers Amid Easing Geopolitics: Bulls Target USD 80,000 Support Rebound
FxWirePro: EUR/AUD retreats slightly but trend is still bullish
FxWirePro: GBP/AUD runs out of steam but maintains bullish outlook 



