- USD/CNY is currently trading around 6.9682 marks.
- It made intraday high at 6.9843 and low at 6.9672 levels.
- Intraday bias remains slightly bearish till the time pair holds key resistance at 6.9850 mark.
- A sustained close above 6.9820 marks will test key resistances at 7.00, 7.0207, 7.0388, 7.07 and 7.0920 marks respectively.
- Alternatively, a daily close below 6.9690 will drag the parity down towards key supports at 6.9550, 6.9210, 6.90, 6.8658, 6.84 and 6.8222 marks respectively.
- Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart.
We prefer to take short position on USD/CNY around 6.9750, stop loss at 6.9850 and target of 6.9210.


FxWirePro: GBP/NZD climbs as robust U.S. employment figures triggers renewed buying interest.
AUDJPY Cracks Below 113: Bearish Breakdown Accelerates Toward 110.50 Target
FxWirePro- Major Crypto levels and bias summary
Sterling's Shine Fades: GBPJPY Sell-on-Rally Setup Targets 210.40 Breakdown
FxWirePro: GBP/NZD stuck in narrow range , outlook bearish
FxWirePro- Major Crypto levels and bias summary
AUDJPY Reclaims 114: Bears Growl in the Short Term, But Bulls Hold the Line
EURJPY Bearish Dent Intact: Sell the Relief Rally Toward 183/182 Support
NZDJPY Bearish Reversal Intact: Triple EMA Stack Signals Sell-on-Rallies Play Toward 90.50
FxWirePro- Woodies pivot (Major)
GBPJPY Claims 215: Sterling Bulls Forge Ahead with Locked-In Momentum
FxWirePro- Major Pair levels and bias summary
FxWirePro: EUR/ NZD bulls gain momentum,eyes level 2.0000
FxWirePro- Woodies pivot (Major)
FxWirePro: USD/ZAR erases early gains ,looking vulnerable
FxWirePro: EUR/AUD jumps as payrolls surprise fuels upside
FxWirePro: EUR/NZD tight ranges prevail as market waits for fresh catalyst 



