- USD/CNY is currently trading around 6.8360 marks.
- It made intraday high at 6.8454 and low at 6.8334 levels.
- Intraday bias remains slightly bearish for the moment.
- A sustained close above 6.8705 marks will test key resistances at 6.8792, 6.8810, 6.8938, 6.9050 and 6.9248 marks respectively.
- Alternatively, a daily close below 6.8420 will drag the parity down towards key supports at 6.8215, 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. Current downside movement is short term trend correction only.
- PBOC sets yuan mid-point at 6.8357 / dlr vs last close 6.8460.
We prefer to take short position on USD/CNY around 6.84, stop loss at 6.8570 and target of 6.8215.


FxWirePro: EUR/ AUD dips below 1.6400 level, focus on near term support
FxWirePro: AUD/USD firms after upbeat consumer spending data
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Woodies pivot (Major)
FxWirePro: GBP/AUD bears maintain upper hand
FxWirePro: GBP/NZD remains weak, eyes 38.2%fib support
AUDJPY Bears Tighten Grip: Sell Rallies at 110.65-67 Targeting 107.75 as All EMAs Stay Red
FxWirePro: USD/CNY downtrend loses steam, remains on bearish path
FxWirePro: NZD/USD turns lower as USD regains footing
FxWirePro: AUD/USD cedes early gains ,outlook bearish
Forex Scorecard: EUR/USD, GBP/USD, and NZD/USD Stand Out as Prime Bullish Opportunities
Gold Retreats as Geopolitical Fears Ease: Bears Target $4,000 Support
FxWirePro:EUR/NZD downtrend Intact, eyes 1.9500 level
All Major JPY Pairs Hit Extreme Bearish Score of -100: USDJPY, EURJPY, GBPJPY, AUDJPY, NZDJPY & CADJPY Flash Maximum Weakness
FxWirePro- Major Crypto levels and bias summary
DAX & CAC40 Score Perfect 100 Trend, FTSE100 Lags at 85 – Key Levels to Watch on the Perfect Scorers
FxWirePro: USD/ZAR gains as weak SA Manufacturing data hits rand 



