- USD/CNY is currently trading around 6.6366 marks.
- It made intraday high at 6.6427 and low at 6.6344 levels.
- Intraday bias remains neutral for the moment.
- A sustained close above 6.6405 marks will test key resistances at 6.6464, 6.6513, 6.6615, 6.6673, 6.6735 and 6.6964 marks respectively.
- Alternatively, a daily close below 6.6210 will drag the parity down towards key supports at 6.6039, 6.5839, 6.5710, 6.5635, 6.5456 and 6.5371 marks respectively.
- PBOC sets yuan mid-point at 6.6282/ dlr vs last close 6.6378.
- 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 only below 6.6210, stop loss at 6.6405 and target of 6.6018.
FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest


FxWirePro: GBP/AUD maintains bearish bias with focus on 1.8800
FxWirePro: GBP/USD falls as fragile ceasefire keeps investors on edge
FxWirePro: USD/ZAR slips as rand gains on peace talk hopes
FxWirePro-Major European Indices
NZDJPY Dip-Buy Setup: 93.58 Holds as Bulls Eye 95–96
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/NZD downtrend loses momentum but bearish setup remains
AUDJPY Dip-Buy Setup: 113.58 Entry Aims for 115
FxWirePro- Woodies pivot (Major)
Bitcoin Flat Near 77k as US-Iran Tensions Escalate; ETF Inflows Near $1B for the Week
FxWirePro: USD/ZAR gains upside momentum as bulls take charge
FxWirePro: EUR/ NZD under pressure after early buying dries up
ETHUSD Dips to 2285 Then Rebounds on $150–$200M ETF Inflows and Altcoin Upside
FxWirePro- Major Crypto levels and bias summary
Euro Stabilizes Near 1.1713 as IFO Weakness Meets Oil Volatility; 1.1800 in Focus
FxWirePro- Major Pair levels and bias summary 



