- USD/CNY is currently trading around 6.9662 marks.
- It made intraday high at 6.9738 and low at 6.9601 levels.
- Intraday bias remains slightly bullish till the time pair holds key support at 6.9591 mark.
- A sustained close above 6.9591 marks will test key resistances at 6.9867, 7.0168, 7.0388, 7.07 and 7.0920 marks respectively.
- Alternatively, a daily close below 6.9591 will drag the parity down towards key supports at 6.9525, 6.9297, 6.88 and 6.8662 marks respectively.
- Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart.
- China’s Caixin manufacturing PMI stands at 51.5 vs expected 51.7 pct (previous 51.8).
We prefer to take short position on USD/CNY only below 6.9590, stop loss at 6.9867 and target of 6.9525/6.9297.


Bitcoin Recovers Amid Easing Geopolitics: Bulls Target USD 80,000 Support Rebound
FxWirePro:NZD/USD drifts lower, could be on verge of bigger drop
FxWirePro: USD/ZAR fibo rejection triggers sizeable pullback
FxWirePro- Major Pair levels and bias summary
FxWirePro- Major European Indices
AUDJPY Pullback Intensifies: Resistance at 110.00 Signals Short Opportunity
NZDJPY Technical Outlook: Bearish Bias Deepens as Key Resistances Hold
FxWirePro: USD/CAD runs out of steam but maintains bullish outlook
FxWirePro: USD/CNY dips as China’s yuan strengthens on Iran war de escalation hopes
Euro Bulls Charge Past 1.1600: Broad Dollar Sell-Off Ignites Powerful EURUSD Rally
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/USD recovers but bears are not done yet again
NZDJPY Bears Take Control: New Zealand Dollar Retreats as 92 Resistance Holds Firm
FxWirePro: USD/JPY neutral in the near-term, scope for downward resumption
FxWirePro: GBP/NZD range to extend until there is game changing news
FxWirePro: AUD/USD gains some ground but remains sensitive to Middle East tensions 



