Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

FxWirePro: USD/CNY refrains to fall below 6.5040, China CPI data in focus

  • Pair is currently trading at 6.5121 levels.
     
  • It made intraday high at 6.5121 and 6.5044 levels.
     
  • Intraday bias remains bullish for the moment.
     
  • A daily close below 6.5040 will take the parity towards key support at 6.4910/ 6.4737 marks.
     
  • Alternatively, reversal will take the parity around 6.55/ 6.5758 levels thereafter.
     
  • Looking ahead, traders now focus on the China's CPI figure due tomorrow and likely to remain steady at 1.8%.

Trading call: Go long on USD/CNY around 6.51, stop loss 6.4910 and target 6.5758 levels.

 

  • Market Data
Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.