FxWirePro: GBP/USD range-bound as Iran uncertainty keeps traders cautious 
FxWirePro- Major Crypto levels and bias summary 
FxWirePro- Woodies pivot (Major) 
FxWirePro: USD/ZAR bears maintain upper hand 
FxWirePro: USD/ZAR edges higher, set to stay on back foot 
FxWirePro: GBP/USD weakens as escalating Middle East tensions weighs on sterling 
FxWirePro: GBP/NZD stuck in range but outlook is bullish 
Ethereum Cracks Under $1,700: Sell the Rally Near $1,750 as Bears Eye $1,380–$1,200 
FxWirePro: USD/JPY gains above 160 level ahead of BOJ policy meeting 
Dollar Roars Back: USDCHF Buy-the-Dip Setup Eyes 0.8150 as Inflation Shock Kills Rate-Cut Bets 
FxWirePro: USD/ CNY falls towards 6.750, bears keep the advantage 
Sell the Bounce: NZDJPY Bearish Bias Persists Below 94.20, Eyes 90.50 
FxWirePro: USD/CAD steadies around 1.3990 ,retains bid one 
FxWirePro: GBP/AUD runs out of steam but maintains bullish outlook 
FxWirePro- Major Crypto levels and bias summary 
- USD/CNY is currently trading around 6.9772 marks.
- It made intraday high at 6.9839 and low at 6.9679 levels.
- Intraday bias remains slightly bearish till the time pair holds key resistance at 6.9967 mark.
- A sustained close above 6.9765 marks will test key resistances at 6.9967, 7.0303, 7.0540 and 7.0920 marks respectively.
- Alternatively, a daily close below 6.9765 will drag the parity down towards key supports at 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 trade balance stands at 301B vs 275B previous release (expected 287B).
- China’s trade balance USD stands at 42.8B vs 39.7B previous release (expected 40.6B).
We prefer to take short position on USD/CNY around 6.98, stop loss at 6.9950 and target of 6.9525/6.9297.
