• USD/CNY held near one month low on Tuesday as the People’s Bank of China (PBOC) continued to signal its commitment to currency stability.
• Prior to the market opening, the People’s Bank of China set the yuan’s daily midpoint rate at 7.1188 per dollar, providing guidance for the currency’s trading band.
• The PBOC has been setting a much stronger yuan fix than estimates over the past month.
• Market focus now turns to Friday’s release of the Personal Consumption Expenditures Price Index, the Fed’s preferred inflation gauge, for signals on the U.S. rate-cut outlook.
• At GMT 06:02, the dollar was up 0.03% to 7.153 against the Chinese Yuan.
• Immediate resistance is located at 7.167(Daily high), any close above will push the pair towards 7.180(SMA 20).
• Support is seen at 7.149(50%fib) and break below could take the pair towards 7.140 (Lower BB).
Recommendation: Good to buy around 7.150, with stop loss of 7.170 and target price of 7.130


FxWirePro: USD/CAD pauses decline,critical support lies ahead
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/CNY outlook weaker on renewed downside pressure
FxWirePro: EUR/NZD advances as kiwi weakness after RBNZ's Breman comments
FxWirePro: EUR/AUD trends higher, but faces potential pitfalls
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/JPY dips as yen strengthens ahead of BOJ policy meeting
FxWirePro: USD/ZAR extends losses as dollar drops after delayed U.S. data
FxWirePro: USD/CAD slides as U.S. dollar weakens after jobs data
FxWirePro: GBP/NZD firms as RBNZ pushes back on rate hike prospects
USD Loses Shine: Soft Labor Market and Stalling Consumer Spending Drag USDCHF Lower
UK Economy Accelerates, But GBP/JPY Stays Capped – Sell Toward 206
Yen Surge Dims NZDJPY Shine: Bearish Trend Holds Below 91 Resistance
FxWirePro: GBP/USD gains as UK manufacturing PMI beats expectations
FxWirePro- Major European Indices
CAD/JPY Dips on Soft Canadian CPI: Buy the Dip to 115? 



