- USD/CNY is currently trading around 6.9342 marks.
- It made intraday high at 6.9504 and low at 6.9338 levels.
- Intraday bias remains bearish for the moment.
- A sustained close above 6.9499 marks will test key resistances at 6.9620, 6.9768, 6.9850, 6.9929 and 6.9980 marks respectively.
- Alternatively, a daily close below 6.9499 will drag the parity down towards key supports at 6.9320, 6.9210, 6.8894, 6.8670, 6.8420 and 6.8215 marks respectively.
- Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart. Current downside movement is short term trend correction only.
- PBOC sets yuan mid-point at 6.9392 / dlr vs last close 6.9500.
- China Oct 2018 house prices yy increase to 8.6 % vs previous 7.9 %.
We prefer to take short position on USD/CNY around 6.9400, stop loss at 6.9510 and target of 6.9210.


EUR/JPY Under Pressure: Broad Yen Buying Keeps Bears in Control Below 183.00
FxWirePro: GBP/NZD remains weak, eyes 38.2%fib support
US Magnificent 7 Stocks Trend Score: Amazon & Microsoft Hit Extreme Bullish (+100) as Meta Drops to -100 — Key Resistance & Support Watchlist
FxWirePro: USD/JPY dips as market assess risk of additional FX intervention.
AUDJPY Volatile After Massive Sell-Off: Sell Rallies at 113, Targeting 110 as Bearish Momentum Surges
FxWirePro- Woodies pivot (Major)
FxWirePro- Major Pair levels and bias summary
FxWirePro- Woodies pivot (Major)
FxWirePro: USD/ZAR gains as weak SA Manufacturing data hits rand
FxWirePro: USD/ZAR gains as stronger dollar outweighs upbeat South Africa's trade surplus
AUDJPY Bears Tighten Grip: Sell Rallies at 110.65-67 Targeting 107.75 as All EMAs Stay Red
NZDJPY Bears Stay in Command: Sell Rallies at 92.72-75 Targeting 90 as All EMAs Flash Red
All Major JPY Pairs Hit Extreme Bearish Score of -100: USDJPY, EURJPY, GBPJPY, AUDJPY, NZDJPY & CADJPY Flash Maximum Weakness
FxWirePro: USD/CAD retreats after Canada posts stronger-than-expected GDP growth
DAX & CAC40 Score Perfect 100 Trend, FTSE100 Lags at 85 – Key Levels to Watch on the Perfect Scorers
Forex Scorecard: EUR/USD, GBP/USD, and NZD/USD Stand Out as Prime Bullish Opportunities 



