- USD/CNY is currently trading around 6.2788 marks.
- It made intraday high at 6.2800 and low at 6.2681 levels.
- Intraday bias remains neutral till the time pair holds key resistance at 6.2815 marks.
- A sustained close above 6.2805 marks will test key resistances at 6.3010, 6.3160, 6.3320, 6.3515, 6.3625, 6.3855 and 6.4017 marks respectively.
- Alternatively, a daily close below 6.2805 will drag the parity down towards key supports at 6.2584, 6.2322, 6.2196 and 6.1907 marks respectively.
- PBOC sets yuan mid-point at 6.2785 / 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 6.28, stop loss 6.3010 and target of 6.2500.
FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest


Aussie vs. Yen: AUDJPY Holds Critical Support Amid Minor Retracement
Bitcoin Rises on Diplomatic Hopes: Bulls Eye $85,000 Ahead of Ceasefire Talks
FxWirePro: USD/JPY edges higher as yen weakens on BOJ policy uncertainty
FxWirePro- Woodies Pivot(Major)
FxWirePro: GBP/NZD regains upwards momentum but unable to hold above
FxWirePro: GBP/AUD maintains bearish bias with focus on 1.8800
FxWirePro: USD/CAD downside pressure builds, key support level in focus
FxWirePro- Major European Indices
Ethereum Stays Resilient: ETHUSD Follows Bitcoin's Lead Above USD 2,300
FxWirePro: GBP/USD remains buoyant, looks to extend gains
FxWirePro- Major Pair levels and bias summary
FxWirePro: AUD/USD softens as Iran rejects US peace talks
FxWirePro: USD/CNY edges lower, set to stay on back foot
FxWirePro: USD/CAD dips as weaker dollar gives bears some traction
FxWirePro: EUR/ NZD downside pressure builds, key support level in focus
FxWirePro: EUR/AUD downtrend loses steam but outlook still bearish
FxWirePro: NZD/USD recovers majority of early losses 



