- USD/CNY is currently trading around 6.7646 marks.
- It made intraday high at 6.7704 and low at 6.7581 levels.
- Intraday bias remains bullish till the time pair holds key support at 6.7500 marks.
- A sustained close above 6.7597 marks will test key resistances at 6.7740, 6.7887, 6.8072, 6.8210, 6.8525 and 6.8886 marks respectively.
- Alternatively, a daily close below 6.7597 will drag the parity down towards key supports at 6.7510, 6.7422, 6.7180, 6.7050, 6.6722 and 6.6422 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 6.7744 / dlr vs last close 6.7600.
- China Jan 2019 yuan-denominated trade balance decrease to 271.16 cny vs previous 394.99 cny.
- China Jan 2019 yuan-denominated exports increase to 13.9 % vs previous 0.2 %.
- China Jan 2019 yuan-
denominated imports increase to 2.9 % vs previous -3.1 %.
- China Jan 2019 trade balance usd decrease to 39.16 usd (forecast 33.5 usd) vs previous 57.06 usd.
We prefer to take short position on USD/CNY only below 6.7510, stop loss at 6.7740 and target of 6.7422/6.7180.


Major European Indices Score Extremely Bullish: DAX Eyes 26000, CAC Targets 8600, FTSE100 at 11000 – Key Levels to Watch
US Magnificent 7 Stocks Trend Score: Amazon & Microsoft Hit Extreme Bullish (+100) as Meta Drops to -100 — Key Resistance & Support Watchlist
JPY Currency Meter Signals: NZDJPY Bullish (+25) vs CHFJPY (-100) – These Pairs Could Move Next
FxWirePro- Woodies pivot (Major)
FxWirePro: GBP/AUD drifts lower after BOE rate decision
FxWirePro: GBP/AUD bears maintain upper hand
AUDJPY Volatile After Massive Sell-Off: Sell Rallies at 113, Targeting 110 as Bearish Momentum Surges
NZDJPY Retreats on Yen Strength – Bearish Setup Targets 90 After Hitting 92.75 Low
FxWirePro- Major Pair levels and bias summary
All Major JPY Pairs Hit Extreme Bearish Score of -100: USDJPY, EURJPY, GBPJPY, AUDJPY, NZDJPY & CADJPY Flash Maximum Weakness
FxWirePro:USD/JPY climbs back above 160.00 after BOJ rate decision
FxWirePro: USD/ZAR gains as stronger dollar outweighs upbeat South Africa's trade surplus
FxWirePro: GBP/NZD remains weak, eyes 38.2%fib support
FxWirePro- Major Crypto levels and bias summary
FxWirePro: EUR/ AUD dips below 1.6400 level, focus on near term support 



