- USD/CNY is currently trading around 7.0302 marks.
- It made intraday high at 7.0326 and low at 7.0262 levels.
- Intraday bias remains neutral till the time pair holds key resistance at 7.0388 mark.
- A sustained close above 7.0388 marks will test key resistances at 7.0540, 7.07 and 7.0920 marks respectively.
- Alternatively, a daily close below 7.0262 will drag the parity down towards key supports at 7.0180, 7.0074, 6.9765, 6.9525, 6.9297 and 6.88 marks respectively.
- Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart.
- China’s Caixin manufacturing PMI stands at 51.8 vs 51.7 previous release (expected 51.5).
We prefer to take short position on USD/CNY only below 7.0198, stop loss at 7.0420 and target of 7.0074/6.9765.


AUDJPY Cracks Below 113: Bearish Breakdown Accelerates Toward 110.50 Target
FxWirePro: GBP/USD hovers near three week low, bearish outlook remains
NZD/JPY Bear Trap: Triple EMA Ceiling Blocks Relief Rally, Sellers Eye 90.50
FxWirePro: AUD/USD holds narrow range, focus on near-term support
FxWirePro: EUR/ NZD consolidating around 1.9855, room for further gains
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/NZD edges lower but bias is bullish
FxWirePro- Major European Indices
AUD/JPY Dead-Cat Bounce Halted by EMA Wall; Sell-on-Rise Eyes 110.50 Target
FxWirePro: NZD/USD gains slightly but bearish outlook remains
FxWirePro USD/JPY consolidates above 160.00 level despite fresh currency intervention threats
FxWirePro: GBP/AUD eases slightly but trend is still bullish
USD/CHF Retreats to Key Trend-Line Wall; Buy-Above-0.8000 Strategy Targets Sharp Rally to 0.8150
FxWirePro- Woodies pivot (Major)
FxWirePro: EUR/AUD jumps as payrolls surprise fuels upside
FxWirePro:GBP/USD recovers some ground but bears are not done yet 



