- USD/CNY is currently trading around 6.6002 marks.
- It made intraday high at 6.6047 and low at 6.5957 levels.
- Intraday bias remains slightly bullish till the time pair holds key support at 6.5747 mark.
- A sustained close above 6.5997 marks will test key resistances at 6.6210, 6.6326, 6.6405, 6.6464, 6.6510, 6.6615, 6.6673, 6.6735 and 6.6964 marks respectively.
- Alternatively, a daily close below 6.5997 will drag the parity down towards key supports at 6.5839, 6.5710, 6.5635, 6.5456 and 6.5371 marks respectively.
- PBOC sets yuan mid-point at 6.5874/ dlr vs last close 6.6028.
- 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.
We prefer to take long position on USD/CNY only above 6.6050, stop loss 6.5747 and target of 6.6326.
FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest


FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/ZAR gains upside momentum as bulls take charge
FxWirePro: EUR/ NZD under pressure after early buying dries up
FxWirePro: GBP/AUD recovers slightly but outlook is still bearish
FxWirePro: EUR/ NZD recovers some ground but bears are not done yet
ETHUSD Dips to 2285 Then Rebounds on $150–$200M ETF Inflows and Altcoin Upside
Bitcoin Flat Near 77k as US-Iran Tensions Escalate; ETF Inflows Near $1B for the Week
FxWirePro- Woodies pivot (Major)
FxWirePro: AUD/USD nurses losses in subdued trading
Euro Stabilizes Near 1.1713 as IFO Weakness Meets Oil Volatility; 1.1800 in Focus
FxWirePro- Major Pair levels and bias summary
NZDJPY Dip-Buy Setup: 93.58 Holds as Bulls Eye 95–96
FxWirePro: USD/ZAR slips as rand gains on peace talk hopes
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/NZD downtrend loses momentum but bearish setup remains
FxWirePro: GBP/USD falls as fragile ceasefire keeps investors on edge 



