Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

FxWirePro: Chinese yuan strengthens against U.S. dollar, PBOC sets yuan mid-point at 6.9064

  • USD/CNY is currently trading around 6.8650 marks.
     
  • It made intraday high at 6.8799 and low at 6.8640 levels.
     
  • Intraday bias remains bearish till the time pair holds key resistance at 6.8975 marks.
     
  • A sustained close above 6.8777 marks will test key resistances at 6.8975, 6.9210, 6.9396, 6.9525 and 6.9620 marks respectively.
     
  • Alternatively, a daily close below 6.8777 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 6.8769 / dlr vs last close 6.8793.

We prefer to take short position on USD/CNY around 6.8700, stop loss at 6.8975 and target of 6.8525.

  • ET PRO
  • Market Data

Market-moving news and views, 24 hours a day >

March 25 21:45 UTC Released

NZTrade Balance YY

Actual

-6.62 Bln NZ

Forecast

Previous

-6.36 Bln NZ

March 25 21:45 UTC Released

NZTrade - Exports

Actual

4.82 Bln NZ

Forecast

Previous

4.4 Bln NZ

January 31 00:00 UTC 603389603389m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 603389603389m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 615209615209m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 603389603389m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 615209615209m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 603389603389m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 603389603389m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 603389603389m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.