- USD/CNY is currently trading around 6.8920 marks.
- It made intraday high at 6.8932 and low at 6.8807 levels.
- Intraday bias remains bullish till the time pair holds key support at 6.8797 marks.
- A sustained close above 6.8797 marks will test key resistances at 6.8975, 6.9210, 6.9396, 6.9525 and 6.9620 marks respectively.
- Alternatively, a daily close below 6.8797 will drag the parity down towards key supports at 6.8525, 6.8348, 6.8210, 6.8095, 6.8020 and 6.7864 marks respectively.
- Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart.
- PBOC sets yuan mid-point at 6.8750 / dlr vs last close 6.8835.
- China Nov 2018 urban investment (ytd)yy increase to 5.9 % (forecast 5.8 %) vs previous 5.7 %.
- China Nov 2018 industrial output yy decrease to 5.4 % (forecast 5.9 %) vs previous 5.9 %.
- China Nov 2018 retail sales yy decrease to 8.1 % (forecast 8.8 %) vs previous 8.6 %.
We prefer to take long position on USD/CNY around 6.8850, stop loss at 6.8720 and target of 6.9210.


FxWirePro: USD/CNY dips to hit three year low,scope for further downside
FxWirePro: GBP/AUD bears maintain upper hand
FxWirePro: GBP/NZD remains weak, eyes 38.2%fib support
FxWirePro:USD/JPY climbs back above 160.00 after BOJ rate decision
FxWirePro- Woodies pivot (Major)
FxWirePro: USD/JPY dips as market assess risk of additional FX intervention.
All Major JPY Pairs Hit Extreme Bearish Score of -100: USDJPY, EURJPY, GBPJPY, AUDJPY, NZDJPY & CADJPY Flash Maximum Weakness
FxWirePro: AUD/USD cedes early gains ,outlook bearish
NZDJPY Bears Stay in Command: Sell Rallies at 92.72-75 Targeting 90 as All EMAs Flash Red
Major European Indices Score Extremely Bullish: DAX Eyes 26000, CAC Targets 8600, FTSE100 at 11000 – Key Levels to Watch
DAX & CAC40 Score Perfect 100 Trend, FTSE100 Lags at 85 – Key Levels to Watch on the Perfect Scorers
FxWirePro: USD/CAD retreats after Canada posts stronger-than-expected GDP growth
Forex Scorecard: EUR/USD, GBP/USD, and NZD/USD Stand Out as Prime Bullish Opportunities
FxWirePro: USD/ZAR gains as stronger dollar outweighs upbeat South Africa's trade surplus
FxWirePro: NZD/USD consolidates overnight gains, but loses momentum
FxWirePro: EUR/ AUD dips below 1.6400 level, focus on near term support 



