Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

FxWirePro: Chinese yuan trades marginally higher, PBOC sets yuan mid-point at 6.8360

  • USD/CNY is currently trading around 6.8430 marks.
     
  • It made intraday high at 6.8546 and low at 6.8319 levels.
     
  • Intraday bias remains slightly bearish for the moment.
     
  • A sustained close above 6.8545 marks will test key resistances at 6.8775, 6.8938, 6.9290, 6.9414, 6.9590 and 6.9726 marks respectively.
     
  • Alternatively, a daily close below 6.8545 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 6.8360 / dlr vs last close 6.8640.

We prefer to take short position on USD/CNY only below 6.8300, stop loss at 6.8550 and target of 6.8198/6.8112.

  • ET PRO
  • Market Data

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

November 15 11:30 UTC Released

TREndYear CPI Fcst/Cb Svy

Actual

24.45 %

Forecast

Previous

24.22 %

November 15 11:00 UTC Released

EZReserve Assets Total

Actual

696.85 EUR

Forecast

Previous

673.92 EUR

January 31 00:00 UTC 415494415494m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 415494415494m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 427314427314m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 415494415494m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 427314427314m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 415494415494m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 415494415494m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 415494415494m

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.