- USD/CNY is currently trading around 6.7086 marks.
- It made intraday high at 6.7222 and low at 6.7074 levels.
- Intraday bias remains bearish till the time pair holds key resistance at 6.7422 mark.
- A sustained close above 6.7222 marks will test key resistances at 6.7422, 6.7510, 6.7778 and 6.8072 marks respectively.
- Alternatively, a daily close below 6.7222 will drag the parity down towards key supports at 6.70, 6.6853, 6.6650, 6.6540 and 6.6234 marks respectively.
- Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart.
- PBOC sets yuan mid-point at 6.7194 / dlr vs last close 6.7225.
We prefer to take short position on USD/CNY around 6.7150, stop loss at 6.7250 and target of 6.6853.


FxWirePro: GBP/NZD stuck in range but outlook is bullish
FxWirePro: EUR/ NZD uptrend loses steam, remains on bullish path
FxWirePro: USD/ CNY falls towards 6.750, bears keep the advantage
FxWirePro: NZD/USD jumps after US and Iran agree preliminary deal
GBPJPY Coil Tightens: Is a Bullish Break Above 215.60 Imminent?
FxWirePro: USD/CAD steadies around 1.3990 ,retains bid one
Geopolitical Easing Fuels AUDJPY Rally Toward 115 — Buy Dips at 113
FxWirePro: USD/ZAR edges higher, set to stay on back foot
FxWirePro: USD/JPY gains above 160 level ahead of BOJ policy meeting
FxWirePro- Woodies pivot (Major)
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Major Pair levels and bias summary
FxWirePro: AUD/USD climbs as US-Iran peace deal sparks risk rally 



