- USD/CNY is currently trading around 6.9432 marks.
- It made intraday high at 6.9465 and low at 6.9371 levels.
- Intraday bias remains neutral till the time pair holds key resistance at 6.9578 mark.
- A sustained close above 6.9578 marks will test key resistances at 6.9611, 6.98, 6.9920, 7.0120 and 7.0388 marks respectively.
- Alternatively, a daily close below 6.9240 will drag the parity down towards key supports at 6.90, 6.8788, 6.8658, 6.84 and 6.8222 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 CPI y/y stands at 5.2 pct vs 5.4 pct previous release (expected 5.2).
- China’s PPI y/y stands at -0.4 pct vs 0.1 pct previous release (expected -0.3).
Positioning is inconclusive at this point. We remain sideways for the time being.


FxWirePro: EUR/ NZD steadies around 2.0150, retains bid tone
FxWirePro: USD/CNY gains some ground but bearish outlook persists
FxWirePro: GBP/USD recovers but bears are not done yet again
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/ZAR sustains gains as uptrend remains strong
NZDJPY Bears Take Control: New Zealand Dollar Retreats as 92 Resistance Holds Firm
Ethereum Retreats Toward USD 2,000: Technicals Signal Caution as ETH Mimics Bitcoin’s Pullback
FxWirePro: EUR/ NZD consolidating around 2.0180 room for further gains
Pound Under Pressure as Yen Stabilizes: GBPJPY Bears Target 208 as Key EMAs Hold Resistance
Aussie Retreats Against the Yen: AUDJPY Bears Target 108 as 110 Resistance Holds Firm
Euro Retreats as Geopolitical Tensions Surge: EURUSD Eyes 1.1400 Floor Amid Safe-Haven Demand
FxWirePro: AUD/USD downside pressure builds, key support level in focus
FxWirePro: USD/ZAR fibo rejection triggers sizeable pullback
FxWirePro: EUR/AUD eases slightly but trend is still bullish
FxWirePro: GBP/USD outlook weaker on renewed downside pressure
FxWirePro:NZD/USD drifts lower, could be on verge of bigger drop 



