NZDJPY Bulls Eye 95: Why Buying the Dip is the Strategic Play 
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FxWirePro: GBP/NZD maintains bearish bias with focus on 2.2650 level 
FxWirePro: USD/CAD claws back some ground, but downtrend remains intact 
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FxWirePro: EUR/AUD gains some upside momentum but still bearish 
FxWirePro: GBP/AUD downtrend slows, but bearish sentiment remains 
FxWirePro- Major Pair levels and bias summary 
AUDJPY Powers Up: Bullish Bias Holds Above 107 – Eyes 110 on Breakout 
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EURJPY Trapped in Bearish Squeeze: Sell Rallies Near 184 – 180 in Sight 
FxWirePro- Woodies Pivot(Major) 
AUDJPY Bounces Back: Strategic Buy at 107 Targets 110 
FxWirePro: NZD/USD pulls back from 6-month high 
- USD/CNY is currently trading around 6.9713 marks.
- It made intraday high at 6.9742 and low at 6.9648 levels.
- Intraday bias remains slightly bullish till the time pair holds key support at 6.9591 mark.
- A sustained close above 6.9810 marks will test key resistances at 6.9867, 6.9957, 7.0168, 7.0388, 7.07 and 7.0920 marks respectively.
- Alternatively, a daily close below 6.9591 will drag the parity down towards key supports at 6.9525, 6.9297, 6.88 and 6.8662 marks respectively.
- Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart. Current upside movement is short term trend correction only.
- China’s Caixin services PMI stands at 52.5 vs 53.5 previous release (expected 53.2).
We prefer to take long position on USD/CNY around 6.9660, stop loss at 6.9590 and target of 6.9867/6.9957.
