- USD/CNY is currently trading around 6.6297 marks.
- It made intraday high at 6.6379 and low at 6.6245 levels.
- Intraday bias remains slightly bearish till the time pair holds key resistance at 6.6400 mark.
- A sustained close above 6.6380 marks will test key resistances at 6.6550, 6.6673, 6.6735 and 6.6964 marks respectively.
- Alternatively, a daily close below 6.6380 will drag the parity down towards key supports at 6.6184, 6.6064, 6.6010, 6.5884, 6.5710, 6.5635, 6.5456 and 6.5371 marks respectively.
- PBOC sets yuan mid-point at 6.6268/ dlr vs last close 6.6385.
- 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 in USD/CNY around 6.6330, stop loss at 6.6400 and target of 6.6010.
FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest


FxWirePro: EUR/ NZD under pressure after early buying dries up
FxWirePro: NZD/USD edges lower as Geopolitical risks keep risk sentiment fragile
FxWirePro- Woodies pivot (Major)
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Woodies pivot (Major)
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/ JPY remains buoyant, looks to extend gains
FxWirePro: USD/ZAR gains upside momentum as bulls take charge
FxWirePro: AUD/USD nurses losses in subdued trading
FxWirePro: GBP/NZD downtrend loses momentum but bearish setup remains
FxWirePro: GBP/AUD maintains bearish bias with focus on 1.8800
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/AUD recovers slightly but outlook is still bearish
FxWirePro: GBP/NZD continues to recovers , upside pressure builds
AUDJPY Dip-Buy Setup: 113.58 Entry Aims for 115
FxWirePro: EUR/AUD tight ranges prevail as market waits for fresh catalyst 



