- USD/CNY is currently trading around 6.3738 marks.
- It made intraday high at 6.3753 and low at 6.3659 levels.
- Intraday bias remains bullish till the time pair holds key support at 6.3650 mark.
- A sustained close above 6.3660 marks will test key resistances at 6.3777, 6.3927, 6.4017, 6.4178 and 6.4329 marks respectively.
- Alternatively, a daily close below 6.3660 will drag the parity down towards key supports at 6.3510, 6.3313, 6.3210, 6.3000 and 6.2892 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 6.3773 / dlr vs last close 6.3654.
We prefer to take long position on USD/CNY only above 6.3777, stop loss 6.3650 and target of 6.4017.
FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest


FxWirePro- Major European Indices
Aussie-Yen Holds Firm Post-BOJ Rate Boost: Intraday Bullish Momentum Intact
FxWirePro:EUR/AUD eases but bullish outlook persists
FxWirePro: USD/CNY downside pressure builds, key support level In focus
USDCHF Triple Bottom at 0.7920 Under Threat: Bearish Signals Dominate – Sell Rallies Targeting 0.7865
CADJPY Pulls Back on Weak Canadian Retail Data: Dips to 113 Prime Buying Opportunity Targeting 116
FxWirePro: GBP/AUD moves lower on weak UK data
EURJPY Surges Post-BOJ Hike: Bullish Momentum Builds – Buy Dips Targeting 185
BTCUSD Dips Post-BOJ Hike: No Swift Tightening Boosts Risk – Buy Around $87K Targeting $100K
EUR/JPY Surges on Yen Weakness: Bullish Momentum Eyes 186-187 Targets
FxWirePro- Major European Indices
NZDJPY Bulls Charge Ahead: Buying the Dips Above 90 for a Shot at 92
GBPJPY Rockets Post-BOJ Hike: Bullish Surge to 210 in Sight – Buy Dips Targeting 212
FxWirePro- Major US Indices
FxWirePro: USD/JPY retreats as Japan signals possible FX intervention
Yen Capitulation Sends GBPJPY to 17-Year Peak – 212.60 Next? 



