- USD/CNY is currently trading around 6.9339 marks.
- It made intraday high at 6.9549 and low at 6.9238 levels.
- Intraday bias remains bearish till the time pair holds key resistance at 6.9552 mark.
- A sustained close above 6.9430 marks will test key resistances at 6.9552, 6.9633, 6.9778 and 6.9883 marks respectively.
- On the other side, a daily close below 6.9429 will drag the parity down towards key supports at 6.9343, 6.9204, 6.9127, 6.9026, 6.9189, 6.8983, 6.8770, 6.8510 and 6.8449 marks respectively.
- Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart. Current downside movement is short term trend correction only.
- PBOC sets Yuan mid-point at 6.9498/ dollar vs last close 6.9467.
- China December Caixin manufacturing PMI final increases to 51.9 (forecast 50.7) vs previous 50.9.
We prefer to go short on USD/CNY around 6.9370, stop loss at 6.9552 and target of 6.9026.


FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/CNY drifts lower, vulnerable to more downside
FxWirePro- Woodies Pivot(Major)
Ethereum Joins the Rally: ETH Reclaims USD 2,100 Following Bitcoin's Lead
FxWirePro: EUR/ NZD consolidating around 2.0200, room for further gains
EUR/JPY Breaks Out: Euro Surges Past 185.00 Resistance Amid Strong Bullish Momentum
FxWirePro: USD/ZAR continues to recovers , upside pressure builds
Kiwi Under Pressure: NZDJPY Signals Bearish Turn as Resistance at 92.00 Holds Firm
FxWirePro- Major European Indices
Bitcoin Resilience: BTC Reclaims USD 69,000 as Geopolitical Tensions Ease
FxWirePro: GBP/USD stuck in range but maintains bearish bias
Aussie Ascent: AUDJPY Reclaims 110.00 as Bullish Momentum Ignites
FxWirePro- Major Pair levels and bias summary
FxWirePro- Major European Indices
FxWirePro- Woodies Pivot(Major) 



