- USD/CNY is currently trading around 7.0842 marks.
- It made intraday high at 7.0970 and low at 7.0842 levels.
- Intraday bias remains slightly bearish till the time pair holds key resistance at 7.1022 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 7.0913 will drag the parity down towards key supports at 7.0820, 7.07, 7.0650, 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. Current downside movement is short term trend correction only.
- PBoC sets yuan mid point at 7.0903 vs last close 7.0925 mark.
We prefer to take long position in USD/CNY only above 7.0982, stop loss at 7.0820 and target of 7.1095.


Aussie Bulls Charge: AUD/JPY Rallies as Geopolitical Clouds Part
Ethereum Braces for Volatility: Technicals Turn Bearish as Geopolitical Tensions Loom
Euro Ascendant: EUR/USD Breaks $1.17 as Geopolitical Relief Sparks a Bullish Surge
FxWirePro: USD/ZAR continues to recovers , upside pressure builds
FxWirePro: EUR/ NZD downside pressure builds, key support level in focus
FxWirePro- Major Pair levels and bias summary
FxWirePro- Woodies Pivot(Major)
Ethereum Reclaims Higher Ground: Ether Bulls Target $2,700 as Middle East Tensions Thaw
FxWirePro- Major European Indices
GBPJPY Surges to 211.88: Sterling Bulls Target 215 Amid Broad-Based Buying
FxWirePro: GBP/AUD downtrend extends, eyes 1.8900 evel
FxWirePro: GBP/NZD reverses course, bias back to downside
Bitcoin's Tug-of-War: Bulls Eye 80,000 USD Despite Turbulent ETF Outflows
FxWirePro: EUR/AUD falls below 1.6600 level, plunge to test a key fibo grows
FxWirePro: USD/JPY edges up as yen dips after soft household spending data
FxWirePro- Major Crypto levels and bias summary 



