- USD/CNY is currently trading around 7.0870 marks.
- It made intraday high at 7.0899 and low at 7.0814 levels.
- Intraday bias remains bullish till the time pair holds key support at 7.0666 mark.
- A sustained close above 7.0913 marks will test key resistances at 7.0982, 7.1022, 7.1095 and 7.1266 marks respectively.
- Alternatively, a daily close below 7.0666 will drag the parity down towards key supports at 7.0525, 7.0449, 7.0319, 7.0285, 7.01, 7.0076, 6.9857 and 6.9510 marks respectively.
- Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart.
- China sets Yuan reference rate against U.S. dollar at 7.0710 mark.
We prefer to take long position in USD/CNY around 7.0870, stop loss at 7.08 and target of 7.0982/7.1022.


FxWirePro: USD/ JPY slips as yen rallies after Mideast ceasefire declaration
FxWirePro: USD/JPY edges up as yen dips after soft household spending data
Bitcoin Breaks the $70,000 Barrier: Bulls Target the $80,000 Horizon as Geopolitical Relief Ignites Crypto Markets
Pound Sterling Power: GBP/JPY Secures Third Day of Gains as Global Risk Tensions Recede
FxWirePro:NZD/USD jumps as RBNZ warns of higher OCR potential
FxWirePro: USD/ZAR continues to recovers , upside pressure builds
FxWirePro: USD/CNY falls to three-year high, scope for further downside
Aussie Ascent: AUDJPY Charges Toward 112 as Bullish Momentum Hits Five-Day High
FxWirePro: GBP/NZD reverses course, bias back to downside
Aussie Bulls Charge: AUD/JPY Rallies as Geopolitical Clouds Part
FxWirePro: AUD/USD spikes as Trump announces two-week Iran ceasefire
Bitcoin's Tug-of-War: Bulls Eye 80,000 USD Despite Turbulent ETF Outflows
FxWirePro: GBP/AUD downtrend extends, eyes 1.8900 evel
Euro Ascendant: EUR/USD Breaks $1.17 as Geopolitical Relief Sparks a Bullish Surge
NZDJPY Bearish Breakdown: Why Selling the Rallies is the Strategic Play
Ethereum Braces for Volatility: Technicals Turn Bearish as Geopolitical Tensions Loom
FxWirePro- Major European Indices 



