CAD/JPY Breaks Down: Loonie Weakness and BOC Patience Set Bears’ Sights on 110 
FxWirePro: GBP/USD range-bound as Iran uncertainty keeps traders cautious 
FxWirePro- Woodies pivot (Major) 
FxWirePro: GBP/AUD runs out of steam but maintains bullish outlook 
ECB Hikes, Euro Dives: EURUSD Bears Reload for a Run to 1.1400 
FxWirePro: USD/ZAR bears maintain upper hand 
FxWirePro: USD/ZAR edges higher, set to stay on back foot 
FxWirePro: USD/CAD steadies around 1.3990 ,retains bid one 
FxWirePro: GBP/USD weakens as escalating Middle East tensions weighs on sterling 
Relief Rally Extends to 112.75, but AUDJPY EMA Structure Favors Selling 
FxWirePro: GBP/NZD stuck in range but outlook is bullish 
FxWirePro: EUR/ NZD uptrend loses steam, remains on bullish path 
FxWirePro: USD/ CNY falls towards 6.750, bears keep the advantage 
GBPJPY Coil Tightens: Is a Bullish Break Above 215.60 Imminent? 
Dollar Roars Back: USDCHF Buy-the-Dip Setup Eyes 0.8150 as Inflation Shock Kills Rate-Cut Bets 
- USD/CNY is currently trading around 6.8823 marks.
- It made intraday high at 6.8829 and low at 6.8752 levels.
- Intraday bias remains slightly bullish for the moment.
- A sustained close above 6.8924 marks will test key resistances at 6.90, 6.9150, 6.9297, 6.94, 6.9548 and 6.9750 marks respectively.
- Alternatively, a daily close below 6.8649 will drag the parity down towards key supports at 6.8492, 6.8331, 6.8210, 6.80 and 6.7813 marks respectively.
- Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart.
We prefer to take long position on USD/CNY around 6.8780, stop loss at 6.8649 and target of 6.8924/6.90/6.9150.
