- USD/CNY is currently trading around 6.5898 marks.
- It made intraday high at 6.5895 and low at 6.5822 levels.
- Intraday bias remains bullish till the time pair holds key support at 6.5711 levels.
- A sustained close above 6.5930 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 6.5798, 6.5711, 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 6.6601 / dlr vs last close 6.5966.
- In addition, PBOC said, China's current Fx reserves level generally within appropriate range and size of Fx reserves affected by central bank market operations, changes in asset prices, currency rates.
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.


FxWirePro: GBP/USD dips on UK GDP data miss
Yen Strikes Back: AUD/JPY Retreats as BOJ Policy Looms – Sell on Rallies to 100
FxWirePro: EUR/AUD trends higher, but faces potential pitfalls
Bitcoin Yawns at Fed Cut – Coiled Tight at $92K: $90K Hold = Straight Shot to $100K
FxWirePro: GBP/AUD gives up early gains after UK GDP shock
Sterling Crushed by Double-Contraction GDP – EURGBP Spikes, Next Stop 0.8850–0.8900
Euro Refuses to Die: EUR/JPY Holds 182.50, Eyes 184 Breakout
FxWirePro: NZD/USD weakens as RBNZ quashes rate hike talk
FxWirePro: USD/JPY caught in narrow range, bias bearish
FxWirePro: USD/ZAR neutral in the near-term, scope for downward resumption
FxWirePro: GBP/NZD ticks down after UK GDP data disappoints
FxWirePro: EUR/CAD gives back chunk of early gains, eyes another drop
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Major European Indices
FxWirePro: GBP/NZD gains some upside momentum but still bearish
UK GDP Flops Again: GBPJPY Drops to 207.22 But Bulls Hold the Line – Buy the Dip to 210?
NZD/JPY: Bearish Momentum Builds — Sell the Rallies Below 90.90 for a Slide Toward 88.00 



