- USD/CNY is currently trading around 6.3977 marks.
- It made intraday high at 6.4052 and low at 6.3900 levels.
- Intraday bias remains bearish till the time pair holds key resistance at 6.4180 mark.
- A sustained close above 6.4034 marks will test key resistances at 6.4180, 6.4289, 6.4510 and 6.4667 marks respectively.
- Alternatively, a daily close below 6.4034 will drag the parity down towards key supports at 6.3855, 6.3672 and 6.3380 marks respectively.
- PBOC sets yuan mid-point at 6.4009 / dlr vs last close 6.4050.
- 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 on USD/CNY around 6.4050, stop loss 6.4180 and target of 6.3672.
FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest


ETHUSD Dips to 2285 Then Rebounds on $150–$200M ETF Inflows and Altcoin Upside
FxWirePro- Major Pair levels and bias summary
FxWirePro: NZD/USD edges lower as Geopolitical risks keep risk sentiment fragile
FxWirePro: USD/ JPY remains buoyant, looks to extend gains
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Woodies pivot (Major)
FxWirePro- Woodies pivot (Major)
FxWirePro: AUD/USD nurses losses in subdued trading
NZDJPY Narrow Range, Bullish Tilt: Dip-Buy Ahead of 95–96 Breakout
FxWirePro-Major European Indices
FxWirePro- Major European Indices
Bitcoin Flat Near 77k as US-Iran Tensions Escalate; ETF Inflows Near $1B for the Week
ETHUSD Eyes 2770+ Breakout as Dip-Buy Zone Forms Around 2300 Amid Tensions
GBPJPY Rises on Solid UK Data: Dip-Buy Setup at 214.6 Eyes 217
NZDJPY Dip-Buy Setup: 93.58 Holds as Bulls Eye 95–96
Euro Stabilizes Near 1.1713 as IFO Weakness Meets Oil Volatility; 1.1800 in Focus
AUDJPY: Dip-Buy Setup Near 113.6 as Range Consolidates for a Push to 115 



