- USD/CNY is currently trading around 6.5869 marks.
- It made intraday high at 6.5890 and low at 6.5822 levels.
- Intraday bias remains bearish till the time pair holds key resistance at 6.5943 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, 6.5735, 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. Current downside movement is short term trend correction only.
- PBOC sets Yuan mid-point at 6.5795 / dlr vs last close 6.5917.
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- Major Pair levels and bias summary
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Woodies pivot (Major)
FxWirePro: USD/JPY advances as traders test Japan's intervention resolve
FxWirePro : EUR/NZD slips lower after soft US jobs report
JPY Currency Scoreboard: USDJPY and NZDJPY Emerge as Top Bullish Pairs to Watch
NZDJPY Bullish Above 93 as Yen Stumbles – Buy Signal Triggers at 93.50
FxWirePro: GBP/USD rises as weak U.S. jobs data pressures dollar
Currency Score Major Pair: Extremely Bullish GBPUSD, AUDUSD & NZDUSD – Key Levels to Watch
FxWirePro: USD/CNY hovers near 3-1/2-year low ahead of U.S. data
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/NZD gains some upside momentum, but outlook is bearish
EURUSD Flat Amid Middle East Tension – Bullish Dip Buy Eyes 1.1660
FxWirePro: EUR/NZD neutral in the near-term, scope for downward resumption
FxWirePro:NZD/USD drifts lower, could be on verge of bigger drop
FxWirePro: AUD/USD range bound ahead of RBA policy decision 



