- USD/CNY is currently trading around 6.7526 marks.
- It made intraday high at 6.7527 and low at 6.7439 levels.
- Intraday bias remains bullish till the time pair holds key support at 6.7180 marks.
- On the top side, a sustained close above 6.75 marks will test key resistances at 6.7583, 6.7831, 6.8025 and 6.8158 marks respectively.
- Alternatively, a daily close below 6.7295 will drag the parity down towards key supports at 6.7180, 6.7055, 6.6820, 6.6605, 6.6560, 6.6425, 6.6281, 6.6110, 6.6042, 6.5930, 6.5710, 6.5510 (20D EMA), 6.5369, 6.5758, 6.4910, 6.4721 and 6.4531 levels.
- PBOC sets Yuan mid-point at 6.7558/ dollar vs last close 6.7457.
- Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart.
We prefer to take long position in USD/CNY around 6.7470, stop loss at 6.7180 and target of 6.7831/6.8158.


FxWirePro: USD/JPY firms as Japanese Yen weakens after BoJ rate hike
EURJPY Surges Post-BOJ Hike: Bullish Momentum Builds – Buy Dips Targeting 185
FxWirePro: GBP/USD dips lower on negative UK retail sales data
FxWirePro: AUD/USD bulls struggle to hold on US CPI induced gains
USDCHF Triple Bottom at 0.7920 Under Threat: Bearish Signals Dominate – Sell Rallies Targeting 0.7865
Aussie-Yen Holds Firm Post-BOJ Rate Boost: Intraday Bullish Momentum Intact
FxWirePro: USD/CNY neutral in the near-term, scope for downward resumption
FxWirePro: EUR/NZD uptrend loses steam, remains on bullish path
FxWirePro: GBP/NZD attracts buying interest, 38.2% fib eyed
FxWirePro: GBP/AUD moves lower on weak UK data
FxWirePro: USD/ZAR edges higher but bearish outlook persists
FxWirePro:EUR/AUD eases but bullish outlook persists
CADJPY Pulls Back on Weak Canadian Retail Data: Dips to 113 Prime Buying Opportunity Targeting 116
FxWirePro- Major European Indices
FxWirePro: GBP/NZD retreats slightly but trend is still bullish
GBPJPY Rockets Post-BOJ Hike: Bullish Surge to 210 in Sight – Buy Dips Targeting 212 



