- USD/CNY is currently trading around 6.9150 marks.
- It made intraday high at 6.9284 and low at 6.9134 levels.
- Intraday bias remains slightly bearish for the moment.
- A sustained close above 6.9248 marks will test key resistances at 6.9396, 6.9450, 6.9768, 6.9850, 6.9929 and 6.9980 marks respectively.
- Alternatively, a daily close below 6.9248 will drag the parity down towards key supports at 6.8894, 6.8670, 6.8420 and 6.8215 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 6.9075 / dlr vs last close 6.9262.
We prefer to take long position on USD/CNY only above 6.9300, stop loss at 6.8894 and target of 6.9450.


FxWirePro: GBP/NZD remains bullish as rally continues
FxWirePro: EUR/CAD gaining momentum for a move towards 1.6250 level
FxWirePro: GBP/NZD firms as RBNZ pushes back on rate hike prospects
EUR/USD Surges Past 1.1765 on Dismal US Jobs Data: Bullish Momentum Builds with Eyes on 1.1900
FxWirePro: GBP/USD gains as UK manufacturing PMI beats expectations
USD Loses Shine: Soft Labor Market and Stalling Consumer Spending Drag USDCHF Lower
Yen Surge Dims NZDJPY Shine: Bearish Trend Holds Below 91 Resistance
FxWirePro: AUD/USD uptrend loses steam, remains on bullish path
NZDJPY: Bearish Bias Persists — Sell Rallies Near 90 Targeting 88
FxWirePro: GBP/AUD maintains bullish bias with focus on 2.0300 level
EUR/JPY Bearish Outlook Persists: Ifo Weakness Caps Upside, Sell Rallies Targeting 180 Below 183 Resistance
FxWirePro: USD/ZAR extends losses as dollar drops after delayed U.S. data
FxWirePro: NZD/USD sidelined ahead Of key New Zealand GDP and US inflation update
FxWirePro: EUR/NZD advances as kiwi weakness after RBNZ's Breman comments
FxWirePro:USD/JPY neutral in the near-term, scope for downward resumption
FxWirePro: USD/JPY dips as yen strengthens ahead of BOJ policy meeting 



