- USD/CNY is currently trading around 7.0304 marks.
- It made intraday high at 7.0464 and low at 7.0281 levels.
- Intraday bias remains bearish till the time pair holds key resistance at 7.0619 mark.
- A sustained close above 7.0619 marks will test key resistances at 7.0750, 7.0822, 7.0905, 7.1022, 7.1142, 7.1267, 7.1303, 7.1428 and 7.1515 marks respectively.
- Alternatively, a daily close below 7.0427 will drag the parity down towards key supports at 7.0285, 7.01, 7.0076, 6.9857 and 6.9510 marks respectively.
- Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart.
- China’s CPI stands at 4.3 pct vs 5.2 pct previous release (expected 4.9 pct).
- China’s PPI stands at -1.5 pct vs -0.4 pct previous release (expected -1.1 pct).
We prefer to take short position in USD/CNY around 7.0350, stop loss at 7.0620 and target of 7.01/7.0076.


FxWirePro: USD/CAD extends gains as U.S. dollar gains momentum after strong U.S. NFP data
FxWirePro: GBP/USD falls to two-week low on strong US jobs data
GBP/JPY Bulls Reload at 214: Triple EMA Support Eyes 216–217 Breakout
EURJPY Dips on NFP Firepower But Stays Bullish Above 184—Load Up Near 185 for a Run to 188
FxWirePro: AUD/USD softens as risk appetite abates
AUDJPY Reclaims 114: Bears Growl in the Short Term, But Bulls Hold the Line
FxWirePro- Woodies pivot (Major)
FxWirePro: GBP/AUD bulls gain momentum on hot U.S. Jobs data
FxWirePro: GBP/NZD climbs as robust U.S. employment figures triggers renewed buying interest.
FxWirePro- Major Crypto levels and bias summary
NZDJPY Bulls Reload: Why 93.50 Is the Line in the Sand for a Run to 97
FxWirePro: USD/JPY on nervous hold around 160.00
FxWirePro: GBP/USD neutral in the near-term, scope for downward resumption
FxWirePro: EUR/AUD jumps as payrolls surprise fuels upside
FxWirePro: EUR/NZD tight ranges prevail as market waits for fresh catalyst
FxWirePro USD/CAD steadies around 1.3910,retains bid tone 



