- USD/CNY is currently trading around 6.5802 marks.
- It made intraday high at 6.5893 and low at 6.5788 levels.
- Intraday bias remains bearish till the time pair holds key resistance at 6.5924 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 6.5788, 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 6.5708 / dollar vs last close 6.5900.
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.


Euro Holds the Line: EURUSD Finds Support at the 365-EMA as Peace Talks Loom
Energy Surge Ignites US Inflation: USDCHF Eyes Support Amid Dollar Sell-Off
FxWirePro: EUR/CAD gains ground on prospects of resumed energy flows
FxWirePro: GBP/USD bulls remain cautiously optimistic
FxWirePro- Major European Indices
FxWirePro- Major Crypto levels and bias summary
NZDJPY Bulls Charge Toward 95.00: Safe-Haven Exodus Drives Kiwi Rally
FxWirePro: USD/CAD recovers slightly but bearish outlook persists
FxWirePro: EUR/AUD downtrend loses steam but outlook still bearish
FxWirePro: GBP/USD biased higher but rally currently stretched
FxWirePro- Major Pair levels and bias summary
FxWirePro: AUD/USD retreats slightly but trend is still bullish
FxWirePro: GBP/NZD up trend gains some momentum but hurdles ahead
FxWirePro: USD/ZAR edges lower ,investors remain on edge
Bitcoin’s Volatile Reset: ETFs Rebound as Bulls Eye USD 80,000 Milestone 



