- USD/CNY is currently trading around 6.8691 marks.
- It made intraday high at 6.8747 and low at 6.8379 levels.
- Intraday bias remains bullish for the moment.
- A sustained close above 6.8379 marks will test key resistances at 6.8747, 6.8934, 6.9088, 6.9245 and 6.9414 marks respectively.
- Alternatively, a daily close below 6.8379 will drag the parity down towards key supports at 6.8054, 6.7864, 6.7658, 6.7373, 6.7160, 6.7005, 6.6715, 6.6518 and 6.6340 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 6.8322 / dlr vs last close 6.8381.
- China sets yuan mid-point at weakest since May 31, 2017.
We prefer to take long position on USD/CNY around 6.8550, stop loss 6.8350 and target of 6.9088.


FxWirePro: GBP/AUD runs out of steam but maintains bullish outlook
FxWirePro- Woodies Pivot(Major)
FxWirePro- Woodies Pivot(Major)
FxWirePro: EUR/NZD uptrend loses steam, remains on bullish path
EURJPY Surges Post-BOJ Hike: Bullish Momentum Builds – Buy Dips Targeting 185
FxWirePro- Major Crypto levels and bias summary
NZDJPY Whipsaws After BoJ Hike: Buy-the-Dip Setup Above 89 With Eyes on 92
BTCUSD Dips Post-BOJ Hike: No Swift Tightening Boosts Risk – Buy Around $87K Targeting $100K
FxWirePro: AUD/USD bulls struggle to hold on US CPI induced gains
FxWirePro: USD/CNY neutral in the near-term, scope for downward resumption
FxWirePro: USD/JPY firms as Japanese Yen weakens after BoJ rate hike
FxWirePro- Major Pair levels and bias summary
CADJPY Pulls Back on Weak Canadian Retail Data: Dips to 113 Prime Buying Opportunity Targeting 116
FxWirePro- Major Pair levels and bias summary
FxWirePro:EUR/AUD eases but bullish outlook persists
FxWirePro: GBP/NZD attracts buying interest, 38.2% fib eyed 



