- USD/CNY is currently trading around 6.8257 marks.
- It made intraday high at 6.8306 and low at 6.8101 levels.
- Intraday bias remains bullish for the moment.
- A sustained close above 6.81 marks will test key resistances at 6.8388, 6.8548 and 6.8705 marks respectively.
- Alternatively, a daily close below 6.81 will drag the parity down towards key supports at 6.7864, 6.7658, 6.7373, 6.7160, 6.7005, 6.6715, 6.6518 and 6.6340 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 6.8165 / dlr vs last close 6.8188.
- China July 2018 NBS manufacturing PMI decrease to 51.2 (previous 51.5).
- China July 2018 NBS non - manufacturing PMI decrease to 54 (previous 55).
We prefer to take long position on USD/CNY around 6.8220, stop loss 6.8100 and target of 6.8548.


FxWirePro: EUR/AUD runs out of steam but maintains bullish outlook
CADJPY Pulls Back on Weak Canadian Retail Data: Dips to 113 Prime Buying Opportunity Targeting 116
FxWirePro- Woodies Pivot(Major)
FxWirePro- Major European Indices
FxWirePro: EUR/NZD uptrend loses steam but outlook still bullish
NZDJPY Whipsaws After BoJ Hike: Buy-the-Dip Setup Above 89 With Eyes on 92
GBPJPY Rockets Post-BOJ Hike: Bullish Surge to 210 in Sight – Buy Dips Targeting 212
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/JPY firms as Japanese Yen weakens after BoJ rate hike
FxWirePro: USD/ZAR edges higher but bearish outlook persists
FxWirePro: AUD/USD bulls struggle to hold on US CPI induced gains
USDCHF Triple Bottom at 0.7920 Under Threat: Bearish Signals Dominate – Sell Rallies Targeting 0.7865
FxWirePro: USD/CNY neutral in the near-term, scope for downward resumption
FxWirePro: USD/CAD downtrend slows, but bearish sentiment remains
FxWirePro- Major Pair levels and bias summary
FxWirePro- Major Crypto levels and bias summary 



