- USD/CNY is currently trading around 6.6232 marks.
- It made intraday high at 6.6411 and low at 6.6228 levels.
- Intraday bias remains bearish till the time pair holds immediate resistance at 6.6660 mark.
- A sustained close above 6.6395 marks will test key resistances at 6.6660, 6.6855, 6.7167, 6.7310, 6.7444 and 6.7676 marks respectively.
- Alternatively, a daily close below 6.6395 will drag the parity down towards key supports at 6.5991, 6.5758, 6.5500, 6.5340 and 6.5008 marks respectively.
- Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart. Current downside movement is short term trend correction only.
- PBOC sets yuan mid-point at 6.6393 / dlr vs last close 6.6489.
We prefer to take short position on USD/CNY around 6.6270, stop loss 6.6412 and target of 6.5991.


FxWirePro: AUD/USD edges higher ahead of RBA meeting minutes
FxWirePro- Major Pair levels and bias summary
NZDJPY Bulls Charge Ahead: Buying the Dips Above 90 for a Shot at 92
AUDJPY Bulls Stay in Control: Buy the Dips Above 103.80 Targeting 106
FxWirePro: GBP/NZD bulls loosen their grip a bit, dips to be bought
FxWirePro- Major US Indices
FxWirePro- Woodies Pivot(Major)
FxWirePro- Major European Indices
FxWirePro: EUR/AUD uptrend loses steam, remains on bullish path
FxWirePro: AUD/USD firms on hawkish RBA meeting minutes
FxWirePro: GBP/NZD attracts buying interest, 38.2% fib eyed
FxWirePro: EUR/NZD runs out of steam but maintains bullish outlook
FxWirePro: USD/JPY extends fall as yen rises on intervention fears
FxWirePro: GBP/USD advances on steady UK GDP growth
FxWirePro-Major European Indices
FxWirePro: NZD/USD maintains bullish bias with focus on 0.5900 



