- USD/CNY is currently trading around 6.9484 marks.
- It made intraday high at 6.9485 and low at 6.9429 levels.
- Intraday bias remains neutral till the time pair holds key support at 6.9343 mark.
- A sustained close above 6.9505 marks will test key resistances at 6.9633, 6.9778 and 6.9883 marks respectively.
- On the other side, a daily close below 6.9343 will drag the parity down towards key supports at 6.9204, 6.9127, 6.9026, 6.9189, 6.8983, 6.8770, 6.8510, 6.8449, 6.8090, 6.7969, 6.7769, 6.7540, 6.7439, 6.7370, 6.7288, 6.7180 and 6.7055.
- 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 6.9459/ dollar vs last close 6.9488.
We prefer to go long on USD/CNY only above 6.9505, stop loss at 6.9343 and target of 6.9633/6.9778.


FxWirePro: USD/ CNY gains some upside momentum but still bearish
FxWirePro: USD/ZAR drops below 17.100 level, heads deeper into bear territory
NZDJPY Eyes Higher Ground: Buy the Dips as Bulls Defend 88.70 Support
FxWirePro: AUD/USD consolidates gains ,remains on positive footing
FxWirePro: GBP/USD hits 5-week,scope for further upside
FxWirePro: USD/JPY neutral in the near-term, scope for downward resumption
FxWirePro: EUR/AUD set To for bigger drop, but close below key fibo needed
FxWirePro: AUD/USD firms as Australian household spending records sharp jump
Dollar Crumbles on Dovish Fed Bets – USD/CHF Eyes 0.7865 Next
FxWirePro: USD/ZAR outlook weaker on renewed downside pressure
FxWirePro: GBP/AUD gains some upside momentum, but bearish outlook remains
FxWirePro: GBP/NZD edges higher but bearish outlook persists
FxWirePro- Major US Indices
Yen Storm Hits EURJPY: Crashes Below 181 – Sell the Bounce Intraday! Target 179.50 with Tight Stop Above 181.45
FxWirePro- Major European Indices
AUDJPY Eyes New Highs: Bulls Hold 102 Support, Target 104




