Thursday, October 15, 2026

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Chinese Yuan ignores positive inflation data, trading above 6.51

USD/CNY is currently trading around 6.5146. It made intraday high at 6.5156 and low and 6.5127 levels. Intraday bias remains neutral for the moment. Today China's inflation figure also surprised the market with the CPI r…

By Earlence Fernandes
1 min read
Chinese Yuan ignores positive inflation data, trading above 6.51
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  • USD/CNY is currently trading around 6.5146.
     
  • It made intraday high at 6.5156 and low and 6.5127 levels.
     
  • Intraday bias remains neutral for the moment.
     
  • Today China's inflation figure also surprised the market with the CPI rising 2.3% year-on-years in February vs 1.8% previous release.
     
  • A daily close below 6.5040 will take the parity towards key support at 6.4910/ 6.4737 marks.
     
  • Alternatively, reversal will take the parity around 6.55/ 6.5758 levels thereafter.

    Trading call: Go long on USD/CNY around 6.51, stop loss 6.4910 and target 6.5758 levels.

 

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