- Pair is currently trading at 6.5397 levels.
- It made intraday high at 6.5510 and low at 6.5414 levels.
- Today China's manufacturing Purchasing Managers' Index slipped from 49.4 in January to 49.0 last month, the weakest reading in more than four years.
- In addition Caixin manufacturing PMI data released with negative numbers at 48.0 m/m vs 48.4 previous release.
- Overnight PBoC cuts banks' reserve requirement reserve ratio by 50 bps to 17%.
- Intraday bias remains bearish till the time pair holds key resistance at 6.57 levels.
- Alternatively, current downfall will take the parity around 6.5286/6.5143 levels.
Positioning is inconclusive at this point, with prices offering no clear cut signal to initiate a long or short trade. We will continue to remain on sidelines for the time being.


Major Pair Currency Score: GBPUSD and AUDUSD Extremely Bullish at 100, USDCAD Extremely Bearish at -100 – Key Major Levels to Watch
FxWirePro: AUD/USD range bound ahead of RBA policy decision
FxWirePro: GBP/USD trades sideways as markets await U.S. inflation and UK GDP data
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/CAD hits two-month low as oil prices rise
FxWirePro: USD/CNY hovers near 3-1/2-year low ahead of U.S. data
FxWirePro: EUR/AUD dips as Aussie gains after RBA decision
AUDJPY Holds Firm Above 112 on Broad Yen Weakness: Buy Dips Toward 115
FxWirePro:EUR/NZD gains slightly as ranges remain tight ahead U.S. inflation report
NZDJPY Bullish at 365-EMA Support: Buy Dips Toward 95 Target
FxWirePro : USD/JPY holds near 160 as yen remains under pressure
NZDJPY Bullish Consolidation: Buy Dips Near 93 with Targets at 95 as All EMAs Align Strongly Bullish
FxWirePro: GBP/NZD gains some upside momentum, but outlook is bearish
FxWirePro- Major Crypto levels and bias summary
Nikkei Blasts Past 67K: AI Chip Frenzy Ignites 9% Surge From Yen Intervention Bottom
FxWirePro: GBP/AUD edges higher but bulls lack punch
FxWirePro: EUR/NZD neutral in the near-term, scope for downward resumption




