- USD/CNY is currently trading around 6.8597 marks.
- It made intraday high at 6.8638 and low at 6.8418 levels.
- Intraday bias remains bullish for the moment.
- A sustained close above 6.8418 marks will test key resistances at 6.8638, 6.8774 and 6.8938 marks respectively.
- Alternatively, a daily close below 6.8418 will drag the parity down towards key supports at 6.8215, 6.7980, 6.7864, 6.7624, 6.7510 and 6.7160 marks respectively.
- Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart.
- PBOC sets yuan mid-point at 6.8389 / dlr vs last close 6.8492.
- China Aug 2018 PPI yy decrease to 4.1 % (forecast 4 %) vs previous 4.6 %.
- China Aug 2018 CPI mm increase to 0.7 % (forecast 0.5 %) vs previous 0.3 %.
We prefer to take long position on USD/CNY around 6.8580, stop loss at 6.8300 and target of 6.8774.


DAX & CAC40 Score Perfect 100 Trend, FTSE100 Lags at 85 – Key Levels to Watch on the Perfect Scorers
AUDJPY Bears Tighten Grip: Sell Rallies at 110.65-67 Targeting 107.75 as All EMAs Stay Red
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/ZAR gains as weak SA Manufacturing data hits rand
FxWirePro: GBP/AUD consolidating around 1.9185, bias is bearish
FxWirePro- Woodies pivot (Major)
FxWirePro: USD/JPY dips as market assess risk of additional FX intervention.
FxWirePro: USD/CNY downtrend loses steam, remains on bearish path
FxWirePro: GBP/AUD bears maintain upper hand
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/CAD retreats after Canada posts stronger-than-expected GDP growth
FxWirePro: USD/ZAR gains as stronger dollar outweighs upbeat South Africa's trade surplus
All Major JPY Pairs Hit Extreme Bearish Score of -100: USDJPY, EURJPY, GBPJPY, AUDJPY, NZDJPY & CADJPY Flash Maximum Weakness
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/USD slips as dollar rebounds from six-week low
FxWirePro: USD/CNY edges higher, outlook bearish
FxWirePro: GBP/NZD remains weak, eyes 38.2%fib support 



