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.


FxWirePro: GBP/AUD eases slightly but trend is still bullish
AUDJPY: Bearish Below 110 — Sell Rallies for a Potential Move to 108
FxWirePro: GBP/AUD steadies above 1.9000, retains bid tone
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/JPY edges higher, remains on bullish path
FxWirePro: USD/CAD edges lower but outlook is still bullish
FxWirePro- Woodies Pivot
FxWirePro: AUD/USD grinds higher, but topside extension unlikely
FxWirePro: GBP/USD retreats as Bailey warns of prolonged inflation risks
AUD/JPY Stays Above 110 as Weak Yen Fuels a Potential Move Toward 112
FxWirePro: EUR/AUD gains some ground but outlook is bearish
FxWirePro: GBP/NZD positions for another climb, eyes 2.3700 level
Major Pair Currency Score & Key Levels to Watch: GBPUSD Extremely Bearish; EURUSD, NZDUSD and AUDUSD Bearish; USDCAD and USDCHF Bullish
FxWirePro: EUR/NZD uptrend looks tired, but continues to hold
EUR/USD Bearish Rebound: Selling the Rallies Near Trendline Resistance
FxWirePro- Major Crypto levels and bias summary 



