- USD/CNY is currently trading around 6.8997 marks.
- It made intraday high at 6.9021and low at 6.8867 levels.
- Intraday bias remains bullish till the time pair holds key support at 6.8779 mark.
- A sustained close above 6.8867 marks will test key resistances at 6.9080, 6.9162, 6.9336, 6.9496, 6.9615, 6.9778 and 6.9883 marks respectively.
- Alternatively, a daily close below 6.8779 will drag the parity down towards key supports at 6.8610, 6.8550, 6.8465, 6.8333, 6.8298, 6.8090 and 6.7769 marks respectively.
- PBOC sets Yuan mid-point at 6.8896/dollar vs last close 6.8902.
- China’s February Caixin services PMI decreases to 52.6 vs previous 53.1.
We prefer to take long position in USD/CNY around 6.8950, with stop loss at 6.8779 and target of 6.9349.


FxWirePro: GBP/AUD eases slightly, focus on near-term support
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/CNY slips as strong China exports data Lift yuan
Major Pair Currency Score: NZD/USD and AUD/USD Lead Forex Rally with Perfect 100 Scores
FxWirePro: USD/JPY holds tight range ahead of key U.S. payrolls data
FxWirePro- Woodies pivot (Major)
FxWirePro: AUD/USD eases as investors await U.S. employment figures
FxWirePro: EUR/AUD slips after surprise U.S. employment data
AUDJPY Bears Poised: Sell Rallies at 111.55 for 108 Target with 112.20 Stop
FxWirePro : EUR/NZD slips lower after soft US jobs report
FxWirePro: NZD/USD retreats as Middle East instability weighs
FxWirePro- Major Pair levels and bias summary
FxWirePro: EUR/ AUD neutral in the near term, scope further downside
FxWirePro : EUR/NZD holding below 38.2% fibo ahead of US data
FxWirePro: GBP/AUD under pressure after disappointing U.S. employment data 



