FxWirePro: GBP/AUD edged higher, set to stay on back foot 
FxWirePro: GBP/USD eases slightly as investors focus on UK elections 
FxWirePro: GBP/NZD downtrend loses steam, remains on bearish path 
FxWirePro: USD/JPY neutral in the near-term, scope for downward resumption 
Swiss Strength Persists: USDCHF Slumps Below 0.7800 Amid Broad Greenback Sell-Off 
FxWirePro- Major Pair levels and bias summary 
FxWirePro= Major European Indices 
AUDJPY Relief Rally: A Golden Opportunity for the Bears? 
CADJPY Outlook: Loonie Limps as Dismal Jobs Data Fuels BoC Rate Cut Bets 
FxWirePro: USD/CAD gains some momentum as weak Canadian jobs data weighs on loonie 
FxWirePro: GBP/USD rises as UK political uncertainty fails to dent pound strength 
FxWirePro- Woodies pivot (Major) 
FxWirePro- Major Crypto levels and bias summary 
FxWirePro- Major European Indices 
FxWirePro: USD/CNY hovers near three-year low, scope for further downside 
- USD/CNY is currently trading around 6.9713 marks.
- It made intraday high at 6.9742 and low at 6.9648 levels.
- Intraday bias remains slightly bullish till the time pair holds key support at 6.9591 mark.
- A sustained close above 6.9810 marks will test key resistances at 6.9867, 6.9957, 7.0168, 7.0388, 7.07 and 7.0920 marks respectively.
- Alternatively, a daily close below 6.9591 will drag the parity down towards key supports at 6.9525, 6.9297, 6.88 and 6.8662 marks respectively.
- Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart. Current upside movement is short term trend correction only.
- China’s Caixin services PMI stands at 52.5 vs 53.5 previous release (expected 53.2).
We prefer to take long position on USD/CNY around 6.9660, stop loss at 6.9590 and target of 6.9867/6.9957.
