FxWirePro- Major European Indices 
FxWirePro: GBP/AUD gives up early gains after UK GDP shock 
FxWirePro: USD/ZAR attracts selling interest, could be on verge of a bigger drop 
FxWirePro- Major Pair levels and bias summary 
FxWirePro: GBP/NZD ticks down after UK GDP data disappoints 
FxWirePro- Major Pair levels and bias summary 
FxWirePro: EUR/AUD trends higher, but faces potential pitfalls 
FxWirePro: GBP/NZD firms as RBNZ pushes back on rate hike prospects 
FxWirePro: USD/CNY outlook weaker on renewed downside pressure 
FxWirePro: USD/CAD recovers slightly but trend is still bearish 
FxWirePro: NZD/USD weakens as RBNZ quashes rate hike talk 
FxWirePro: USD/CNY outlook weaker on renewed downside pressure 
EUR/JPY Retreats: Yen Strength Caps Rally, Bearish Bias Intact Below 183.15 
FxWirePro: USD/CAD pauses decline,critical support lies ahead 
Euro Refuses to Die: EUR/JPY Holds 182.50, Eyes 184 Breakout 
- USD/CNY is currently trading around 6.9506 marks.
- It made intraday high at 6.9566 and low at 6.9495 levels.
- Intraday bias remains bullish for the moment.
- A sustained close above 6.9497 marks will test key resistances at 6.9620, 6.9768, 6.9850, 6.9929 and 6.9980 marks respectively.
- Alternatively, a daily close below 6.9497 will drag the parity down towards key supports at 6.9396, 6.9210, 6.9120, 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 6.9500 / dlr vs last close 6.9525.
We prefer to take long position on USD/CNY around 6.9470, stop loss 6.9396 and target of 6.9768.
