- 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.


FxWirePro: GBP/AUD eases on Geopolitical whipsaw
Peace Dividend Powers NZDJPY Past 93.50 — Bulls Set Sights on 96.15 Target
FxWirePro: USD/ CNY falls towards 6.750, bears keep the advantage
FxWirePro: AUD/ USD strongly bearish despite upside attempts
Sell the Bounce: NZDJPY Bearish Bias Persists Below 94.20, Eyes 90.50
FxWirePro- Woodies pivot (Major)
FxWirePro: GBP/USD range-bound as Iran uncertainty keeps traders cautious
FxWirePro: GBP/NZD stuck in range but outlook is bullish
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/ZAR edges higher, set to stay on back foot
FxWirePro: GBP/AUD runs out of steam but maintains bullish outlook
FxWirePro: NZD/USD jumps after US and Iran agree preliminary deal
Ethereum Cracks Under $1,700: Sell the Rally Near $1,750 as Bears Eye $1,380–$1,200
Relief Rally Extends to 112.75, but AUDJPY EMA Structure Favors Selling 



