- USD/CNY is currently trading around 6.3212 marks.
- It made intraday high at 6.3302 and low at 6.3102 levels.
- Intraday bias remains slightly bullish till the time pair holds key support at 6.3092 mark.
- A sustained close above 6.3092 marks will test key resistances at 6.3338, 6.3450, 6.3625, 6.3855 and 6.4017 marks respectively.
- Alternatively, a daily close below 6.3092 will drag the parity down towards key supports at 6.2942, 6.2827, 6.2584, 6.2322, 6.2196 and 6.1907 marks respectively.
- PBOC sets yuan mid-point at 6.3294 / dlr.
- Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart.
We prefer to take short position on USD/CNY around 6.3245, stop loss at 6.3500 and target of 6.2942/6.2584.
FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest


FxWirePro: USD/JPY edges higher as yen weakens on BOJ policy uncertainty
FxWirePro: USD/ZAR recovers some ground but upside is limited
FxWirePro- Major Pair levels and bias summary
Euro Under Pressure: EURUSD Retreats Amid Escalating Middle East Tensions
FxWirePro- Major European Indices
FxWirePro: USD/CAD dips as weaker dollar gives bears some traction
FxWirePro: NZD/USD firms as Q1 NZ CPI runs hotter than expected
FxWirePro: GBP/USD recovers from early dip but upside is limited
FxWirePro: USD/CNY edges lower, set to stay on back foot
Sterling Surge: GBPJPY Rebounds from Fibonacci Support as Yen Weakness Persists
FxWirePro: USD/ZAR trades in narrow range as Middle East tensions fester
FxWirePro: EUR/ NZD downside pressure builds, key support level in focus
Bitcoin Rises on Diplomatic Hopes: Bulls Eye $85,000 Ahead of Ceasefire Talks
FxWirePro: USD/CAD shows upside momentum, but bearish outlook remains
Solana at a Crossroads: Triple Bottom Support Offers Lifeline for SOL Bulls 



