• USD/CNY edged lower on Wednesday as China's yuan firmed slightly as robust export growth lifted sentiment, while the central bank kept the fixing steady as Middle East conflicts continued.
•The dollar, which has surged as the more than week-long war sent oil prices soaring, has given up some of those gains on hopes of a swift resolution, but analysts remain sceptical of the conflict ending so soon.
• The currency found renewed support as trade data beat expectations in the first two Exports grew 21.8% in U.S. dollar terms in the January-to-February period, beating expectations.
• Prior to the market opening, the People's Bank of China set the midpoint rate at 6.8917 per dollar, its strongest since April 25, 2023, which was 93 pips weaker than a Reuters estimate.
• Immediate resistance is located at 6.6890(SMA 20), any close above will push the pair towards 6.916(38.2%fib)
• Support is seen at 6.853(Lower BB) and break below could take the pair towards 6.838(23.6%fib).
Recommendation: Good to sell around 6.870 with stop loss of 6.930 and target price of 6.830


FxWirePro: GBP/AUD loses momentum but outlook is bullish
FxWirePro- Major Crypto levels and bias summary
EUR/USD Holds Bullish Tone Despite Pullback from Yesterday’s High
FxWirePro: EUR/AUD outlook weaker on renewed downside pressure
FxWirePro :USD/JPY bulls loosen their grip a bit, dips to be bought
FxWirePro: AUD/USD remains buoyant, looks to extend gains
GBPJPY Bullish on Consolidation: Holds Above 216 After 218 Top – Buy Dips at 217 Targeting 220
GBPJPY Stuck in Tight Range – Neutral Bias Persists Despite Bullish EMAs
FxWirePro: NZD/USD steadies around 0.5830,retains bid tone
FxWirePro: EUR/AUD bears maintain upper hand
FxWirePro- Major Crypto levels and bias summary
GBPUSD, AUDUSD & NZDUSD Turn Extremely Bullish: Strong Positive Momentum Drives Major Pair Action Bias
EUR/JPY Poised to Slide — Sell Rallies into 185.30 with Eye on 183"
FxWirePro: GBP/USD hits one-month high, scope for further upside 



