- USD/CNY is currently trading around 6.9553 marks.
- It made intraday high at 6.9554 and low at 6.9396 levels.
- Intraday bias remains slightly bullish for the moment.
- A sustained close above 6.9476 marks will test key resistances at 6.9620, 6.9768 and 6.9850 marks respectively.
- Alternatively, a daily close below 6.9210 will drag the parity down towards key supports at 6.8898, 6.8670, 6.8420, 6.8215, 6.7980, 6.7864, 6.7624, 6.7510 and 6.7160 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 6.9377 / dlr vs last close 6.9448.
We prefer to take long position on USD/CNY around 6.9500, stop loss 6.9210 and target of 6.9850.


EUR/JPY Bearish Outlook Persists: Ifo Weakness Caps Upside, Sell Rallies Targeting 180 Below 183 Resistance
FxWirePro: AUD/USD uptrend loses steam, remains on bullish path
FxWirePro: EUR/AUD uptrend loses steam, remains on bullish path
FxWirePro- Major Crypto levels and bias summary
NZDJPY: Bearish Bias Persists — Sell Rallies Near 90 Targeting 88
AUDJPY: Bearish Setup Intact — Sell Rallies Near 103.30 Targeting 100
FxWirePro: GBP/NZD remains bullish as rally continues
FxWirePro:USD/JPY neutral in the near-term, scope for downward resumption
FxWirePro: USD/CAD slides as U.S. dollar weakens after jobs data
FxWirePro: GBP/USD gains as UK manufacturing PMI beats expectations
FxWirePro: GBP/AUD maintains bullish bias with focus on 2.0300 level
FxWirePro: AUD/USD runs out of steam but maintains bullish outlook
Yen Power Play: AUDJPY Crumbles Below 103.70 Resistance
USD Loses Shine: Soft Labor Market and Stalling Consumer Spending Drag USDCHF Lower
FxWirePro: NZD/USD downside pressure builds, key support level in focus
FxWirePro- Major Crypto levels and bias summary 



