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FxWirePro: GBP/USD biased higher but rally currently stretched 
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FxWirePro: EUR/AUD downtrend loses steam but outlook still bearish 
FxWirePro: GBP/USD bulls remain cautiously optimistic 
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FxWirePro: AUD/USD retreats slightly but trend is still bullish 
FxWirePro: GBP/AUD gains some upside momentum but still bearish 
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FxWirePro:NZD/USD uptrend loses momentum but bullish setup remains 
FxWirePro- Woodies Pivot(Major) 
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FxWirePro: USD/CNY neutral in the near-term, scope for downward resumption 
- USD/CNY is currently trading around 6.5767 marks.
- It made intraday high at 6.5817 and low at 6.5607 levels.
- Intraday bias remains bullish till the time pair holds key support at 6.5510 levels.
- A sustained close above 6.57 marks will test key resistance at 6.6042 (January 07, 2016 high) marks.
- Alternatively, reversal from key resistance will drag the parity down towards key supports at 6.5510(20D EMA), 6.5369, 6.5758, 6.4910, 6.4721 and 6.4531 levels.
- Important to note here that, 20D EMA, 30D and 55D EMA heads up, which confirms bullish trend.
- PBOC sets Yuan mid-point at 6.5784 / dlr vs last close 6.5650.
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.
