- USD/CNY is currently trading around 6.6580 marks.
- It made intraday high at 6.6783 and low at 6.6295 levels.
- Intraday bias remains bullish for the moment.
- A sustained close above 6.6315 marks will test key resistances at 6.6855, 6.7167, 6.7310, 6.7444 and 6.7676 marks respectively.
- Alternatively, a daily close below 6.6315 will drag the parity down towards key supports at 6.5989, 6.5758, 6.5500, 6.5340 and 6.5008 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 6.6234 / dlr vs last close 6.6405.
- Shanghai composite index to open down 1.7 pct at 2,780.70 points and China's CSI300 index to open down 2.0 pct at 3,398.93 points.
We prefer to take long position on USD/CNY around 6.6520, stop loss 6.6295 and target of 6.7167.


FxWirePro- Major Pair levels and bias summary
NZDJPY Bulls Charge Ahead: Buying the Dips Above 90 for a Shot at 92
AUDJPY Bulls Stay in Control: Buy the Dips Above 103.80 Targeting 106
FxWirePro: GBP/USD advances on steady UK GDP growth
FxWirePro: USD/JPY retreats as Japan signals possible FX intervention
FxWirePro: AUD/USD firms on hawkish RBA meeting minutes
FxWirePro- Major US Indices
AUDJPY: Buy-the-Dip Strategy Intact Above 103.80 Despite Profit-Taking Pullback
FxWirePro: NZD/USD maintains bullish bias with focus on 0.5900
FxWirePro: USD/CNY downside pressure builds, key support level In focus
FxWirePro: GBP/AUD loses momentum but bullish setup remains
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/NZD attracts buying interest, 38.2% fib eyed
NZDJPY: Bearish Signals Sell-on-Rally Opportunity Below 92
FxWirePro- Major European Indices
FxWirePro: EUR/NZD uptrend loses steam, remains on bullish path 



