Ferrari Group to Launch IPO in Amsterdam, Targets Over $1 Billion Valuation 
Bitcoin Hits $100K Milestone Amid Optimism Over Trump Policies 
Wall Street Rebounds as Investors Eye Tariff Uncertainty, Jobs Report 
U.S. Banks Report Strong Q4 Profits Amid Investment Banking Surge 
UK Markets Face Rising Volatility as Hedge Funds Target Pound and Gilts 
Gold Prices Rise as Markets Await Trump’s Policy Announcements 
SoftBank Eyes Up to $25B OpenAI Investment Amid AI Boom 
USD/CNY is currently trading around 6.9453 marks.
- It made intraday high at 6.9577 and low at 6.9367 levels.
- Intraday bias remains slightly neutral till the time pair holds key resistance at 6.9611 mark.
- A sustained close above 6.6365 marks will test key resistances at 6.9611, 6.98, 6.9920, 7.0120 and 7.0388 marks respectively.
- Alternatively, a daily close below 6.9240 will drag the parity down towards key supports at 6.90, 6.8788, 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. Current upside movement is short term trend correction only.
We, at FxWirePro, prefer to take long position on USD/CNY only above 6.9611, stop loss at 6.9350 and target of 6.9920.
