Thursday, October 15, 2026

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FxWirePro: Chinese Yuan falls as China’s CPI remains stable in April

USD/CNY is currently trading around 6.5198 marks. It made intraday high at 6.5224 and low at 6.5140 levels. The CPI rose 2.3% year-on-year in April, in line with market forecasts and unchanged for the third consecutive m…

By Cynthia Firey Eakin
1 min read
FxWirePro: Chinese Yuan falls as China’s CPI remains stable in April
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  • USD/CNY is currently trading around 6.5198 marks.
     
  • It made intraday high at 6.5224 and low at 6.5140 levels.
     
  • The CPI rose 2.3% year-on-year in April, in line with market forecasts and unchanged for the third consecutive month.
     
  • On the other side, China released PPI data with positive numbers at -3.4% m/m vs -4.3% previous release.
     
  • Intraday bias remains bullish till the time pair holds key support at 6.4910 levels.
     
  • A daily close below 6.4910 will drag the parity down towards key supports at 6.4721, 6.4531 levels.
  • On the other side, a sustained close above 6.52 will test key resistances at 6.5358, 6.5525 and 6.5708 levels respectively. 

    We prefer to take long position in USD/CNY around 6.51, stop loss 6.4910 and target 6.5358 levels.

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By FxWirePro Team