- USD/CNY is currently trading around 6.6742 marks.
- It made intraday high at 6.6744 and low at 6.6679 levels.
- Intraday bias remains bullish till the time pair holds key support at 6.6552 mark.
- A sustained close above 6.6694 marks will test key resistances at 6.6826, 6.7055, 6.7206, 6.7289, 6.7373, 6.7486, 6.7529, 6.7668 and 6.7776 marks respectively.
- Alternatively, a daily close below 6.6694 will drag the parity down towards key supports at 6.6449, 6.6378 and 6.6220 marks respectively.
- PBOC sets yuan mid-point at 6.6689/ dlr vs last close 6.6715.
- 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 prefer to take long position in USD/CNY around 6.6720, stop loss at 6.6552 and target of 6.6826.
FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest


FxWirePro: USD/JPY holding bid into weekend
FxWirePro: GBP/AUD positions for another drop, eyes 1.8900level
Ethereum Consolidates: Bullish Technicals Point to a Potential $3,000 Breakout
FxWirePro: USD/CAD extends decline on broad dollar weakness
FxWirePro: GBP/USD bulls remain cautiously optimistic
FxWirePro: GBP/NZD up trend gains some momentum but hurdles ahead
FxWirePro: EUR/AUD downtrend loses steam but outlook still bearish
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/AUD gains some upside momentum but still bearish
Bitcoin’s Volatile Reset: ETFs Rebound as Bulls Eye USD 80,000 Milestone
FxWirePro: USD/CNY neutral in the near-term, scope for downward resumption
Euro Holds the Line: EURUSD Finds Support at the 365-EMA as Peace Talks Loom
FxWirePro: USD/CAD recovers slightly but bearish outlook persists
FxWirePro- Major European Indices
FxWirePro: EUR/AUD under pressure as key support gives way
FxWirePro: USD/ZAR edges lower ,investors remain on edge
FxWirePro: AUD/USD retreats slightly but trend is still bullish 



