- USD/CNY is currently trading around 6.6440 marks.
- It made intraday high at 6.6440 and low at 6.6340 levels.
- Intraday bias remains bullish till the time pair holds key support at 6.6110 levels.
- On the top side, a sustained close above 6.6524 marks will test key resistance at 6.6784 and 6.6838 and 6.6963 marks respectively.
- Alternatively, reversal from key resistance will drag the parity down towards key supports at 6.6110, 6.6042, 6.5930, 6.5710, 6.5510 (20D EMA), 6.5369, 6.5758, 6.4910, 6.4721 and 6.4531 levels.
- Important to note here that, 20D EMA, 30D and 55D EMA heads up, which confirms bullish trend.
- PBOC sets Yuan mid-point at 6.6312/ dollar vs last close 6.6380.
Positioning is inconclusive at this point, with prices offering no clear cut signal to initiate a long or short trade. We will continue to remain on sidelines for the time being.


FxWirePro: GBP/USD dips on UK GDP data miss
FxWirePro- Major Crypto levels and bias summary
FxWirePro: EUR/CAD gives back chunk of early gains, eyes another drop
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/NZD gains some upside momentum but still bearish
FxWirePro: GBP/AUD gives up early gains after UK GDP shock
Sterling Crushed by Double-Contraction GDP – EURGBP Spikes, Next Stop 0.8850–0.8900
FxWirePro- Major Pair levels and bias summary
UK GDP Flops Again: GBPJPY Drops to 207.22 But Bulls Hold the Line – Buy the Dip to 210?
FxWirePro: AUD/USD hovers near three –month high, scope for further upside
FxWirePro- Major European Indices
Bitcoin Yawns at Fed Cut – Coiled Tight at $92K: $90K Hold = Straight Shot to $100K
FxWirePro: USD/ZAR neutral in the near-term, scope for downward resumption
FxWirePro: USD/JPY caught in narrow range, bias bearish
Euro Refuses to Die: EUR/JPY Holds 182.50, Eyes 184 Breakout 



