- USD/CNY is currently trading around 6.5424 marks.
- It made intraday high at 6.5566 and low at 6.5404 levels.
- Intraday bias remains bearish till the time pair holds key resistance at 6.5887 mark.
- A sustained close above 6.5551 marks will test key resistances at 6.5887, 6.6013, 6.6227, 6.6673, 6.6735, 6.6814, 6.7055, 6.7206, 6.7289 and 6.7373 marks respectively.
- Alternatively, a daily close below 6.5551 will drag the parity down towards key supports at 6.5357, 6.4910 and 6.4538 marks respectively.
- PBOC sets yuan mid-point at 6.5668/ dlr vs last close 6.5596.
- Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart.
- China sets yuan mid-point at strongest level since June 23, 2016.
We prefer to take short position in USD/CNY around 6.5460, stop loss at 6.5887 and target of 6.4910.
FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest


FxWirePro: USD/ZAR gains some ground, but downtrend remains
FxWirePro- Major Crypto levels and bias summary
EUR/USD Rockets Past 1.1560 as Soft U.S. Jobs Data Fuel Fed Rate-Cut Surge
FxWirePro- Woodies pivot (Major)
FxWirePro : EUR/NZD holding below 38.2% fibo ahead of US data
AUDJPY Bears Poised: Sell Rallies at 111.55 for 108 Target with 112.20 Stop
EURUSD Bulls Charge Higher: Buy Dips at 1.1528 as EMA Alignment Eyes Break Above 1.1560
FxWirePro: GBP/USD eases as dollar firms ahead of U.S. June non-farm payrolls report
Bitcoin Reclaims $65,000 as Easing Geopolitical Tensions Fuel Risk-On Rally
Currency Score Alert: GBPUSD, AUDUSD & NZDUSD Top the Charts at 85 – Major Levels to Watch for Bullish Breakouts
Major Pair Currency Score: NZD/USD and AUD/USD Lead Forex Rally with Perfect 100 Scores
FxWirePro: GBP/USD rises as weak U.S. jobs data pressures dollar
DAX & CAC40 Score Perfect 100: Extremely Bullish With Major Levels to Watch as FTSE100 Hits 80
EURGBP Bears Break Trendline: Sell Rallies at 0.8578 as Support Breach Eyes 0.8450 Slide
FxWirePro: AUD/USD eases as investors await U.S. employment figures 



