- USD/CNY is currently trading around 6.3103 marks.
- It made intraday high at 6.3116 and low at 6.3013 levels.
- Intraday bias remains bullish till the time pair holds key support at 6.3000 mark.
- A sustained close above 6.3034 marks will test key resistances at 6.3210, 6.3320, 6.3515, 6.3625, 6.3855 and 6.4017 marks respectively.
- Alternatively, a daily close below 6.3034 will drag the parity down towards key supports at 6.2892, 6.2654, 6.2584, 6.2419, 6.2322, 6.2196 and 6.1907 marks respectively.
. - Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart. Current upside movement is short term trend correction only.
- PBOC sets yuan mid-point at 6.3066 / dlr vs last close 6.3073.
We prefer to take long position on USD/CNY around 6.3080, stop loss 6.3000 and target of 6.3320.
FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest


FxWirePro:EUR/NZD downtrend Intact, eyes 1.9500 level
FxWirePro: USD/JPY gains capped as intervention fears keep traders on edge
AUDJPY Momentum Fades at 111: Sell Rallies to 108 as Bearish EMAs Dominate
FxWirePro: GBP/AUD under pressure as the pair continues to weaken
NZDJPY Bears Reload: Sell Rallies to 90 as All EMAs Turn Hostile
EUR/USD Retraces After 1.1555 Peak: Technical Levels Point to 1.1600
FxWirePro: NZD/USD eases as NZ unemployment surges in Q2
FxWirePro: GBP/USD edges higher as markets track U.S.-Iran talks and oil moves
Major European Indices Trend Scores: DAX & CAC40 Hit Perfect 100, FTSE100 at 85 — All Bullish with Key Levels to Watch
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/CNY edges higher, outlook bearish
FxWirePro: GBP/NZD downtrend extends, remains on bearish path
FxWirePro: AUD/USD firms after upbeat consumer spending data
FxWirePro: USD/ZAR faces downside pressure with 38.2%fib support in focus
AUDJPY Bounces 150 Pips on Short Covering — Sell Rallies at 111.40 Targeting 108 as Higher EMAs Stay Bearish 



