- USD/CNY is currently trading around 6.9374 marks.
- It made intraday high at 6.9463 and low at 6.9371 levels.
- Intraday bias remains neutral till the time pair holds key support at 6.9290 mark.
- A sustained close above 6.9397 marks will test key resistances at 6.9525, 6.9620, 6.9768, 6.9850, 6.9929 and 6.9980 marks respectively.
- Alternatively, a daily close below 6.9397 will drag the parity down towards key supports at 6.9290, 6.9210, 6.8894, 6.8670, 6.8420 and 6.8215 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 6.9280 / dlr vs last close 6.9415.
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: GBP/NZD range to extend until there is game changing news
FxWirePro:NZD/USD remains vulnerable as Trump's latest deadline leaves investors on edge
FxWirePro- Major Pair levels and bias summary
FxWirePro- Major Pair levels and bias summary
Pound Under Pressure as Yen Stabilizes: GBPJPY Bears Target 208 as Key EMAs Hold Resistance
FxWirePro: AUD/USD recovers slightly from early decline but bears are not done yet
FxWirePro:NZD/USD drifts lower, could be on verge of bigger drop
FxWirePro: USD/ZAR sustains gains as uptrend remains strong
FxWirePro: USD/CNY gains some ground but bearish outlook persists
Euro Retreats as Geopolitical Tensions Surge: EURUSD Eyes 1.1400 Floor Amid Safe-Haven Demand
FxWirePro: USD/JPY firms as Trump's address on Gulf war spark fresh concerns
NZDJPY Bears Take Control: New Zealand Dollar Retreats as 92 Resistance Holds Firm
Aussie Retreats Against the Yen: AUDJPY Bears Target 108 as 110 Resistance Holds Firm
Bitcoin Battles Volatility: Institutional Support Eyes USD 64,000 Floor Amid Geopolitical Tensions
FxWirePro: EUR/ NZD steadies around 2.0150, retains bid tone
FxWirePro: EUR/AUD eases slightly but trend is still bullish 



