- USD/CNY is currently trading around 6.7926 marks.
- It made intraday high at 6.8010 and low at 6.7769 levels.
- Intraday bias remains bullish till the time pair holds key support at 6.7540 marks.
- On the top side, a sustained close above 6.7850 marks will test key resistances at 6.8025 and 6.8158 marks respectively.
- Alternatively, a daily close below 6.7540 will drag the parity down towards key supports at 6.7439, 6.7370, 6.7288, 6.7180 and 6.7055.
- PBOC sets Yuan mid-point at 6.7885/ dollar vs last close 6.7777.
- 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.
We prefer to take long position in USD/CNY around 6.7850, stop loss at 6.7540 and target of 6.8025/6.8158.


NZDJPY Bears Lie in Wait: Sell Rallies at 93 for 90 Target with 94 Stop
FxWirePro- Major Pair levels and bias summary
Bitcoin Reclaims $65,000 as Easing Geopolitical Tensions Fuel Risk-On Rally
FxWirePro: USD/JPY holds tight range ahead of key U.S. payrolls data
Major Pair Currency Score: NZD/USD and AUD/USD Lead Forex Rally with Perfect 100 Scores
FxWirePro: EUR/ AUD neutral in the near term, scope further downside
FxWirePro- Major Crypto levels and bias summary
FxWirePro : EUR/NZD holding below 38.2% fibo ahead of US data
FxWirePro: EUR/AUD slips after surprise U.S. employment data
FxWirePro : USD/CAD falls as strong Canadian jobs data lifts loonie
FxWirePro: NZD/USD retreats as Middle East instability weighs
FxWirePro : EUR/NZD slips lower after soft US jobs report
FxWirePro: GBP/USD rises as weak U.S. jobs data pressures dollar
FxWirePro: AUD/USD eases as investors switch focus to RBA
FxWirePro: AUD/USD eases as investors await U.S. employment figures
FxWirePro: GBP/AUD under pressure after disappointing U.S. employment data 



