- USD/CNY is currently trading around 6.6326 marks.
- It made intraday high at 6.6348 and low at 6.6170 levels.
- Intraday bias remains bullish till the time pair holds key support at 6.5991 marks.
- A sustained close above 6.6170 marks will test key resistances at 6.6418, 6.6510, 6.6724 and 6.6801 marks respectively.
- Alternatively, a daily close below 6.6170 will drag the parity down towards key supports at 6.5991, 6.5758, 6.5500, 6.5340 and 6.5008 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 6.6157 / dlr vs last close 6.6225.
- China sets yuan mid-point firmer on Monday, snapping eight straight days of losses.
- China Caixin/Markit June manufacturing PMI at 51.0 compared to 51.1 in May (vs poll 51.1).
We prefer to take long position on USD/CNY around 6.6250, stop loss 6.5991 and target of 6.6418.


FxWirePro: USD/ZAR edges lower ,investors remain on edge
FxWirePro: EUR/AUD under pressure as key support gives way
FxWirePro: USD/JPY holding bid into weekend
FxWirePro: USD/ZAR recovers slightly but trend is still bearish
Bitcoin’s Volatile Reset: ETFs Rebound as Bulls Eye USD 80,000 Milestone
FxWirePro- Woodies Pivot(Major)
FxWirePro: GBP/USD biased higher but rally currently stretched
Ethereum Consolidates: Bullish Technicals Point to a Potential $3,000 Breakout
FxWirePro- Major European Indices
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/AUD gains some upside momentum but still bearish
FxWirePro: GBP/USD bulls remain cautiously optimistic
FxWirePro: GBP/AUD positions for another drop, eyes 1.8900level
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/CNY neutral in the near-term, scope for downward resumption 



