- USD/CNY is currently trading around 6.8508 marks.
- It made intraday high at 6.8540 and low at 6.8465 levels.
- Intraday bias remains neutral for the moment.
- A sustained close above 6.8705 marks will test key resistances at 6.8792, 6.8810, 6.8938, 6.9050 and 6.9248 marks respectively.
- Alternatively, a daily close below 6.8420 will drag the parity down towards key supports at 6.8215, 6.7980, 6.7864, 6.7624, 6.7510 and 6.7160 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 6.8530 / dlr vs last close 6.8506.
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.


AUDJPY Bears Tighten Grip: Sell Rallies at 110.65-67 Targeting 107.75 as All EMAs Stay Red
FxWirePro: AUD/USD firms after upbeat consumer spending data
FxWirePro:EUR/NZD downtrend Intact, eyes 1.9500 level
Gold Retreats as Geopolitical Fears Ease: Bears Target $4,000 Support
FxWirePro: USD/JPY gains capped as intervention fears keep traders on edge
FxWirePro: GBP/NZD downside pressure builds, key support level in focus
FxWirePro: NZD/USD turns lower as USD regains footing
FxWirePro: GBP/AUD consolidating around 1.9185, bias is bearish
FxWirePro: USD/ZAR gains as weak SA Manufacturing data hits rand
FxWirePro: USD/CNY downtrend loses steam, remains on bearish path
FxWirePro: GBP/NZD remains weak, eyes 38.2%fib support
FxWirePro: USD/CNY edges higher, outlook bearish
FxWirePro: AUD/USD cedes early gains ,outlook bearish
DAX & CAC40 Score Perfect 100 Trend, FTSE100 Lags at 85 – Key Levels to Watch on the Perfect Scorers
FxWirePro: USD/ZAR gains as stronger dollar outweighs upbeat South Africa's trade surplus
FxWirePro: GBP/USD slips as dollar rebounds from six-week low 



