- USD/CNY is currently trading around 6.8430 marks.
- It made intraday high at 6.8443 and low at 6.8380 levels.
- Intraday bias remains neutral for the moment.
- A sustained close above 6.8447 marks will test key resistances at 6.8545, 6.8775, 6.8938, 6.9290, 6.9414, 6.9590 and 6.9726 marks respectively.
- Alternatively, a daily close below 6.8447 will drag the parity down towards key supports at 6.8300, 6.8198 and 6.8037 marks respectively.
- Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart. Current downside movement is short term trend correction only.
- PBOC sets yuan mid-point at 6.8271 / dlr vs last close 6.8513.
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: USD/CAD retreats after Canada posts stronger-than-expected GDP growth
FxWirePro: USD/CNY edges higher, outlook bearish
FxWirePro: USD/ZAR gains as weak SA Manufacturing data hits rand
FxWirePro: GBP/AUD consolidating around 1.9185, bias is bearish
FxWirePro: NZD/USD turns lower as USD regains footing
FxWirePro: GBP/USD slips as dollar rebounds from six-week low
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/JPY gains capped as intervention fears keep traders on edge
Gold Retreats as Geopolitical Fears Ease: Bears Target $4,000 Support
FxWirePro: AUD/USD cedes early gains ,outlook bearish
FxWirePro: USD/CNY downtrend loses steam, remains on bearish path
FxWirePro- Major Crypto levels and bias summary
AUDJPY Bears Tighten Grip: Sell Rallies at 110.65-67 Targeting 107.75 as All EMAs Stay Red
All Major JPY Pairs Hit Extreme Bearish Score of -100: USDJPY, EURJPY, GBPJPY, AUDJPY, NZDJPY & CADJPY Flash Maximum Weakness
FxWirePro- Woodies pivot (Major)
Forex Scorecard: EUR/USD, GBP/USD, and NZD/USD Stand Out as Prime Bullish Opportunities 



