- USD/CNY is currently trading around 6.6801 marks.
- It made intraday high at 6.6871 and low at 6.6780 levels.
- Intraday bias remains bearish till the time pair holds key resistance at 6.7000 marks.
- A sustained close above 6.6770 marks will test key resistances at 6.70, 6.7150, 6.73, 6.7422, 6.7510, 6.7778 and 6.8072 marks respectively.
- Alternatively, a daily close below 6.6770 will drag the parity down towards key supports at 6.6722, 6.6650, 6.6540 and 6.62 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 6.6901 / dlr vs last close 6.6855.
- China Feb 2019 NBS Non - manufacturing PMI decrease to 54.3 vs previous 54.7.
- China Feb 2019 NBS manufacturing PMI decrease to 49.2 (forecast 49.5) vs previous 49.5.
- China Feb 2019 composite PMI decrease to 52.4 vs previous 53.2.
We prefer to take short position on USD/CNY only below 6.6727, stop loss at 6.70 and target of 6.6650/6.6413.


FxWirePro- Major Crypto levels and bias summary
FxWirePro: EUR/AUD loses upside momentum but outlook is bullish
FxWirePro: EUR/ NZD uptrend loses steam, remains on bullish path
FxWirePro- Woodies pivot (Major)
BTC’s Bear Bounce: Sell the Rally Near $66K as Bears Target $59K–$52K Breakdown
FxWirePro: USD/JPY gains above 160 level ahead of BOJ policy meeting
FxWirePro: GBP/AUD runs out of steam but maintains bullish outlook
GBPJPY Coil Tightens: Is a Bullish Break Above 215.60 Imminent?
Ethereum Cracks Under $1,700: Sell the Rally Near $1,750 as Bears Eye $1,380–$1,200
FxWirePro: USD/ CNY falls towards 6.750, bears keep the advantage
Relief Rally Extends to 112.75, but AUDJPY EMA Structure Favors Selling
FxWirePro: USD/CAD steadies around 1.3990 ,retains bid one
FxWirePro: GBP/USD range-bound as Iran uncertainty keeps traders cautious
FxWirePro: USD/ZAR edges higher, set to stay on back foot
Peace Dividend Powers NZDJPY Past 93.50 — Bulls Set Sights on 96.15 Target 



