Energy Surge Ignites US Inflation: USDCHF Eyes Support Amid Dollar Sell-Off 
FxWirePro- Major European indices 
FxWirePro:NZD/USD uptrend loses momentum but bullish setup remains 
FxWirePro: USD/CNY neutral in the near-term, scope for downward resumption 
FxWirePro: NZD/USD softens on Iran peace talk failure 
ETH/USD Outlook: Ethereum Targets 2,770 USD as Support Holds Near 2,150 USD 
FxWirePro: USD/CAD recovers slightly but bearish outlook persists 
FxWirePro: USD/ZAR recovers slightly but trend is still bearish 
FxWirePro: GBP/USD recovers above 1.3450 after bearish gap 
FxWirePro: USD/CNY partially recovers early session losses 
Bitcoin’s Volatile Reset: ETFs Rebound as Bulls Eye USD 80,000 Milestone 
FxWirePro- Major European Indices 
FxWirePro: GBP/USD biased higher but rally currently stretched 
FxWirePro: USD/JPY edged higher as dollar gains as peace talks falter 
NZDJPY Bulls Charge Toward 95.00: Safe-Haven Exodus Drives Kiwi Rally 
FxWirePro- Major Pair levels and bias summary 
FxWirePro: EUR/AUD downtrend loses steam but outlook still bearish 
- USD/CNY is currently trading around 6.2821 marks.
- It made intraday high at 6.2825 and low at 6.2725 levels.
- Intraday bias remains slightly bullish till the time pair hlds key support at 6.2654 mark.
- A sustained close above 6.2890 marks will test key resistances at 6.3068, 6.3158, 6.3210, 6.3320, 6.3515, 6.3625, 6.3855 and 6.4017 marks respectively.
- Alternatively, a daily close below 6.2725 will drag the parity down towards key supports at 6.2654, 6.2584, 6.2419, 6.2322, 6.2196 and 6.1907 marks respectively.
- Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart. Current upside movement is short term trend correction only.
- PBOC sets yuan mid-point at 6.2884 / dlr vs last close 6.2773.
We prefer to take long position on USD/CNY around 6.2780, stop loss 6.2654 and target of 6.3158.
FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest
