- USD/CNY is currently trading around 6.8402 marks.
- It made intraday high at 6.8426 and low at 6.8277 levels.
- Intraday bias remains bullish till the time pair holds key support at 6.7980 marks.
- A sustained close above 6.8420 marks will test key resistances at 6.8557, 6.8774 and 6.8938 marks respectively.
- Alternatively, a daily close below 6.8420 will drag the parity down towards key supports at 6.7980, 6.7864, 6.7624, 6.7510 and 6.7160 marks respectively.
- Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart.
- PBOC sets yuan mid-point at 6.8266 / dlr vs last close 6.8450.
- China Aug 2018 Caixin Services PMI decrease to 51.5 vs previous 52.8.
We prefer to take long position on USD/CNY only above 6.8426, stop loss at 6.7980 and target of 6.8774.


Forex Scorecard: EUR/USD, GBP/USD, and NZD/USD Stand Out as Prime Bullish Opportunities
FxWirePro: GBP/USD slips as dollar rebounds from six-week low
FxWirePro: GBP/AUD consolidating around 1.9185, bias is bearish
FxWirePro: USD/CNY edges higher, outlook bearish
FxWirePro- Major Crypto levels and bias summary
FxWirePro: EUR/ AUD dips below 1.6400 level, focus on near term support
AUDJPY Bears Tighten Grip: Sell Rallies at 110.65-67 Targeting 107.75 as All EMAs Stay Red
FxWirePro: GBP/NZD downside pressure builds, key support level in focus
FxWirePro- Major Pair levels and bias summary
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/ZAR gains as weak SA Manufacturing data hits rand
FxWirePro- Woodies pivot (Major)
FxWirePro: USD/CAD retreats after Canada posts stronger-than-expected GDP growth
FxWirePro: NZD/USD turns lower as USD regains footing
FxWirePro: GBP/NZD remains weak, eyes 38.2%fib support
FxWirePro: AUD/USD firms after upbeat consumer spending data 



