- USD/CNY is currently trading around 6.6382 marks.
- It made intraday high at 6.6497 and low at 6.6336 levels.
- Intraday bias remains bearish till the time pair holds key resistance at 6.6673 mark.
- A sustained close above 6.6464 marks will test key resistances at 6.6673, 6.6735, 6.6814, 6.7055, 6.7206, 6.7289, 6.7373, 6.7486, 6.7529, 6.7668 and 6.7776 marks respectively.
- Alternatively, a daily close below 6.6464 will drag the parity down towards key supports at 6.6220, 6.6159 and 6.6022 marks respectively.
- PBOC sets yuan mid-point at 6.6353/ dlr vs last close 6.6484.
- China sets the yuan mid-point at the strongest level since August 19, 2016.
- Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart.
We prefer to take short position in USD/CNY around 6.6420, stop loss at 6.6674 and target of 6.6022.
FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest


FxWirePro: GBP/USD eases as dollar firms ahead of U.S. June non-farm payrolls report
FxWirePro: GBP/USD rises as weak U.S. jobs data pressures dollar
FxWirePro: USD/JPY holds tight range ahead of key U.S. payrolls data
AUDJPY Bears Poised: Sell Rallies at 111.55 for 108 Target with 112.20 Stop
EUR/USD Rockets Past 1.1560 as Soft U.S. Jobs Data Fuel Fed Rate-Cut Surge
FxWirePro: NZD/USD retreats as Middle East instability weighs
FxWirePro- Woodies pivot (Major)
FxWirePro: EUR/ AUD neutral in the near term, scope further downside
Bitcoin Reclaims $65,000 as Easing Geopolitical Tensions Fuel Risk-On Rally
FxWirePro- Woodies pivot (Major)
DAX & CAC40 Score Perfect 100: Extremely Bullish With Major Levels to Watch as FTSE100 Hits 80
FxWirePro: GBP/AUD eases slightly, focus on near-term support
Gold Hits 6-Week High: Buy Dips at $4220 as Bullish Momentum Eyes $4400 Breakout
FxWirePro : EUR/NZD holding below 38.2% fibo ahead of US data
Currency Score Alert: GBPUSD, AUDUSD & NZDUSD Top the Charts at 85 – Major Levels to Watch for Bullish Breakouts
Major Pair Currency Score: NZD/USD and AUD/USD Lead Forex Rally with Perfect 100 Scores 



