- USD/CNY is currently trading around 7.0427 marks.
- It made intraday high at 7.05 and low at 7.0410 levels.
- Intraday bias remains slightly bearish till the time pair holds key resistance at 7.0502 mark.
- A sustained close above 7.0502 marks will test key resistances at 7.0619, 7.0750, 7.0822, 7.0905 and 7.1022 marks respectively.
- Alternatively, a daily close below 7.0502 will drag the parity down towards key supports at 7.0319, 7.0285, 7.01, 7.0076, 6.9857 and 6.9510 marks respectively.
- Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart.
We prefer to take long position in USD/CNY only above 7.0560, stop loss at 7.0320 and target of 7.0750/7.0822.


FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/CNY gains some ground but bearish outlook persists
FxWirePro: GBP/NZD remains buoyant, looks to extend gains
FxWirePro: EUR/ NZD consolidating around 2.0180 room for further gains
Euro Retreats as Geopolitical Tensions Surge: EURUSD Eyes 1.1400 Floor Amid Safe-Haven Demand
FxWirePro- Major Pair levels and bias summary
Aussie Retreats Against the Yen: AUDJPY Bears Target 108 as 110 Resistance Holds Firm
FxWirePro: USD/CAD runs out of steam but maintains bullish outlook
FxWirePro: EUR/AUD gaining momentum for a move towards 1.6800 level
FxWirePro: GBP/USD outlook weaker on renewed downside pressure
FxWirePro: USD/JPY firms as Trump's address on Gulf war spark fresh concerns
FxWirePro- Major Crypto levels and bias summary
EUR/JPY Bulls Charge: Eyeing 186.00 as Euro Strength Intensifies
FxWirePro: EUR/AUD eases slightly but trend is still bullish
FxWirePro: USD/ZAR sustains gains as uptrend remains strong
FxWirePro: GBP/NZD range to extend until there is game changing news 



