- USD/CNY is currently trading around 6.9986 marks.
- It made intraday high at 7.0081 and low at 6.9904 levels.
- Intraday bias remains bearish till the time pair holds key resistance at 7.0303 mark.
- A sustained close above 7.0081 marks will test key resistances at 7.0303, 7.0540, 7.0920, 7.1152, 7.1476 and 7.1548 marks respectively.
- Alternatively, a daily close below 7.0081 will drag the parity down towards key supports at 6.97, 6.9525, 6.9297 and 6.88 marks respectively.
- Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart.
We prefer to take short position on USD/CNY around 7.00, stop loss at 7.0303 and target of 6.97/6.9525.


Nikkei Surges Past 65,000 on Suspected Yen Weakness: Tech Giants Like Advantest and NEC Lead Explosive Gains
FxWirePro: GBP/NZD remains weak, eyes 38.2%fib support
AUDJPY Volatile After Massive Sell-Off: Sell Rallies at 113, Targeting 110 as Bearish Momentum Surges
FxWirePro: GBP/NZD remains weak, eyes 38.2%fib support
FxWirePro- Woodies pivot (Major)
FxWirePro- Woodies pivot (Major)
FxWirePro: EUR/ AUD dips below 1.6400 level, focus on near term support
Major FX Action Bias & US Market Sentiment: NZD/USD (Extremely Bullish) & AUD/USD (Bullish) Watchlist
FxWirePro: USD/CAD retreats after Canada posts stronger-than-expected GDP growth
AUD/JPY Slips Below 112 as BOJ Intervention Sparks Bearish Momentum: Sell the Rallies
FxWirePro:USD/JPY climbs back above 160.00 after BOJ rate decision
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/USD rises as soft US data pressures dollar
US Magnificent 7 Stocks Trend Score: Amazon & Microsoft Hit Extreme Bullish (+100) as Meta Drops to -100 — Key Resistance & Support Watchlist
NZDJPY Bullish Rebound: Buy Dips as EMAs Align for 97 Target 



