USDCHF Triple Bottom at 0.7920 Under Threat: Bearish Signals Dominate – Sell Rallies Targeting 0.7865 
FxWirePro: AUD/USD bulls struggle to hold on US CPI induced gains 
FxWirePro:EUR/AUD eases but bullish outlook persists 
FxWirePro: USD/JPY firms as Japanese Yen weakens after BoJ rate hike 
CADJPY Pulls Back on Weak Canadian Retail Data: Dips to 113 Prime Buying Opportunity Targeting 116 
EURJPY Surges Post-BOJ Hike: Bullish Momentum Builds – Buy Dips Targeting 185 
FxWirePro: EUR/NZD uptrend loses steam, remains on bullish path 
NZDJPY Whipsaws After BoJ Hike: Buy-the-Dip Setup Above 89 With Eyes on 92 
BTCUSD Dips Post-BOJ Hike: No Swift Tightening Boosts Risk – Buy Around $87K Targeting $100K 
FxWirePro- Woodies Pivot(Major) 
FxWirePro: GBP/AUD moves lower on weak UK data 
FxWirePro: USD/CAD downtrend slows, but bearish sentiment remains 
FxWirePro: USD/CNY neutral in the near-term, scope for downward resumption 
FxWirePro: GBP/NZD retreats slightly but trend is still bullish 
FxWirePro: GBP/USD dips lower on negative UK retail sales data 
FxWirePro: GBP/AUD runs out of steam but maintains bullish outlook 
- USD/CNY is currently trading around 6.7697 marks.
- It made intraday high at 6.7845and low at 6.7538 levels.
- Intraday bias remains bearish till the time pair holds key resistance at 6.7845 marks.
- On the top side, a sustained close above 6.7845 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 6.7832/ dollar vs last close 6.7838.
- 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.
- China October CPI Y/Y increases to 2.1 % (forecast 2.1 %) vs previous 1.9 %.
- China October CPI m/m decrease to -0.1 % (forecast 0.0 %) vs previous 0.7 %.
We prefer to take long position in USD/CNY around 6.7620, stop loss at 6.7540 and target of 6.7845/6.8025.
