- USD/CNY is currently trading around 6.6002 marks.
- It made intraday high at 6.6047 and low at 6.5957 levels.
- Intraday bias remains slightly bullish till the time pair holds key support at 6.5747 mark.
- A sustained close above 6.5997 marks will test key resistances at 6.6210, 6.6326, 6.6405, 6.6464, 6.6510, 6.6615, 6.6673, 6.6735 and 6.6964 marks respectively.
- Alternatively, a daily close below 6.5997 will drag the parity down towards key supports at 6.5839, 6.5710, 6.5635, 6.5456 and 6.5371 marks respectively.
- PBOC sets yuan mid-point at 6.5874/ dlr vs last close 6.6028.
- Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart. Current upside movement is short term trend correction only.
We prefer to take long position on USD/CNY only above 6.6050, stop loss 6.5747 and target of 6.6326.
FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest


FxWirePro: GBP/AUD eases slightly, focus on near-term support
FxWirePro: USD/JPY edges higher as traders eye U.S. Jobs data and Geopolitical developments
FxWirePro: USD/ZAR gains some ground, but downtrend remains
FxWirePro : EUR/NZD gains upside momentum but still bearish
FxWirePro: NZD/USD softens despite firm expectations for RBNZ tightening
AUDJPY Bears Hold the Line: Sell Rallies at 111.40 as Negative Bias Targets Sharp Drop to 108
FxWirePro: EUR/ AUD neutral in the near term, scope further downside
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/CNY edges lower, scope for further downside
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Woodies pivot (Major)
Crypto Action Bias: BNB/USD Leads Bullish Momentum as Major Pairs Neutralize
FxWirePro : EUR/NZD holding below 38.2% fibo ahead of US data
FxWirePro: GBP/AUD edges lower, bearish outlook persists
FxWirePro: EUR/AUD gains slightly, but downward resumption looks likely
FxWirePro: GBP/USD eases as dollar firms ahead of U.S. June non-farm payrolls report 



