- USD/CNY is currently trading around 6.6256 marks.
- It made intraday high at 6.6359 and low at 6.6199 levels.
- Intraday bias remains slightly bearish till the time pair holds immediate resistance at 6.6400 mark.
- A sustained close above 6.6400 marks will test key resistances at 6.6660, 6.6855, 6.7167, 6.7310, 6.7444 and 6.7676 marks respectively.
- Alternatively, a daily close below 6.6400 will drag the parity down towards key supports at 6.6170, 6.5991, 6.5758, 6.5500, 6.5340 and 6.5008 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 6.6595 / dlr vs last close 6.6440.
- China sets yuan mid-point at weakest since Aug 23, 2017.
- China June 2018 Caixin services PMI increase to 53.9 (previous 52.9).
- China Caixin/markit June composite PMI (services and manufacturing) at 53.0, up from May's 52.3.
We prefer to take long position on USD/CNY only above 6.6400, stop loss 6.6055 and target of 6.6660/6.6855.


Major European Indices Trend Scores: DAX & CAC40 Hit Perfect 100, FTSE100 at 85 — All Bullish with Key Levels to Watch
DAX & CAC40 Score Perfect 100 Trend, FTSE100 Lags at 85 – Key Levels to Watch on the Perfect Scorers
FxWirePro: USD/CNY edges higher, outlook bearish
FxWirePro: NZD/USD turns lower as USD regains footing
FxWirePro- Major Crypto levels and bias summary
NZDJPY Bears Stay in Control After Sell-Off — Sell Rallies at 93 Targeting 90 as All EMAs Align Bearish
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/JPY gains capped as intervention fears keep traders on edge
FxWirePro: AUD/USD firms after upbeat consumer spending data
FxWirePro: USD/ZAR faces downside pressure with 38.2%fib support in focus
FxWirePro: GBP/AUD consolidating around 1.9185, bias is bearish
Forex Scorecard: EUR/USD, GBP/USD, and NZD/USD Stand Out as Prime Bullish Opportunities
Chart of the Day: BTC Double Bottom Ignites — Buy Above $64,050 for $67K–$70K Blast-Off
AUDJPY Bounces 150 Pips on Short Covering — Sell Rallies at 111.40 Targeting 108 as Higher EMAs Stay Bearish
FxWirePro: GBP/NZD downside pressure builds, key support level in focus
Currency Scores of Major Pairs: GBPUSD, AUDUSD & NZDUSD Top Charts at 85 — Bullish Pairs to Watch
EUR/USD Retraces After 1.1555 Peak: Technical Levels Point to 1.1600 



