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FxWirePro: GBP/NZD edges higher but bearish outlook persists

FxWirePro- Major Pair levels and bias summary

NZDJPY Eyes Breakout: Buy the Dip as Bulls Guard 88.70

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FxWirePro- Major Pair market sentiment (CCI-ADX-EMA) setup

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FxWirePro: EUR/NZD neutral in the near-term, scope for downward resumption

FxWirePro: USD/JPY neutral in the near-term, scope for downward resumption

FxWirePro: USD/ CNY gains some upside momentum but still bearish

FxWirePro: USD/CAD extends drop, faces 50%fib support

FxWirePro- Major US Indices

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AUDJPY Eyes New Highs: Bulls Hold 102 Support, Target 104

FxWirePro: USD/JPY dips below lower range, bearish bias increases

Renminbi Series

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FxWirePro: Chinese Yuan depreciates as People's Bank of China sets Yuan reference rate higher

Thursday, March 24, 2016 7:35 AM UTC

USDCNY is currently trading around 6.5130 levels.
It made intraday high at 6.5138 and low at 6.5035 levels.
The People's Bank of China set the Yuan reference rate at 6.5150 today, up from Wednesday's midpoint of 6.4936, representing a Yuan devaluation of 0.33%.
Intraday bias remains bullish for the moment.
A current rebound from key support 6.4682 will drag the parity back above 6.5147/ 6.5508 marks.
Alternatively, a sustained break below 6.4910 tests another support around 6.4525/6.4351 levels.

We prefer to take long position in USD/CNY only above 6.5147, stop loss 6.4910 and target 6.5354 levels.

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Renminbi Series

FxWirePro: Chinese Yuan depreciates as People's Bank of China sets Yuan reference rate higher

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