- USD/CNY is currently trading around 6.6725 marks.
- It made intraday high at 6.6726 and low at 6.6669 levels.
- Intraday bias remains bullish till the time pair holds key support at 6.6650 mark.
- A sustained close above 6.6699 marks will test key resistances at 6.6755, 6.6899, 6.7055, 6.7206, 6.7289, 6.7373, 6.7486, 6.7529, 6.7668 and 6.7776 marks respectively.
- Alternatively, a daily close below 6.6699 will drag the parity down towards key supports at 6.6641, 6.6449, 6.6378 and 6.6220 marks respectively.
- PBOC sets yuan mid-point at 6.6709/ dlr vs last close 6.6679.
- 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 in USD/CNY only above 6.6814, stop loss at 6.6650 and target of 6.7055.
FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest


FxWirePro- Woodies pivot (Major)
FxWirePro : EUR/NZD holding below 38.2% fibo ahead of US data
FxWirePro: GBP/AUD eases slightly, focus on near-term support
FxWirePro- Major Pair levels and bias summary
EURUSD Bulls Charge Higher: Buy Dips at 1.1528 as EMA Alignment Eyes Break Above 1.1560
Bitcoin Reclaims $65,000 as Easing Geopolitical Tensions Fuel Risk-On Rally
AUDJPY Bears Poised: Sell Rallies at 111.55 for 108 Target with 112.20 Stop
FxWirePro: USD/CNY slips as strong China exports data Lift yuan
FxWirePro: AUD/USD eases as investors await U.S. employment figures
FxWirePro: EUR/ AUD neutral in the near term, scope further downside
NZDJPY Bears Lie in Wait: Sell Rallies at 93 for 90 Target with 94 Stop
EUR/USD Rockets Past 1.1560 as Soft U.S. Jobs Data Fuel Fed Rate-Cut Surge
FxWirePro- Woodies pivot (Major)
FxWirePro: GBP/USD rises as weak U.S. jobs data pressures dollar
FxWirePro- Major Pair levels and bias summary 



