- USD/CNY is currently trading around 6.8990 marks.
- It made intraday high at 6.9133 and low at 6.8910 levels.
- Intraday bias remains neutral for the moment.
- A sustained close above 6.9075 marks will test key resistances at 6.9210, 6.9396, 6.9525 and 6.9620 marks respectively.
- Alternatively, a daily close below 6.8730 will drag the parity down towards key supports at 6.8525, 6.8348, 6.8210, 6.8095, 6.8020 and 6.7864 marks respectively.
- Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart.
- PBOC sets yuan mid-point at 6.8936 / dlr vs last close 6.8920.
Positioning is inconclusive at this point, with prices offering no clear cut signal to initiate a long or short trade. We will continue to remain on sidelines for the time being.


FxWirePro: EUR/ NZD uptrend loses steam, remains on bullish path
FxWirePro: GBP/NZD stuck in range but outlook is bullish
FxWirePro: EUR/AUD loses upside momentum but outlook is bullish
Ethereum Cracks Under $1,700: Sell the Rally Near $1,750 as Bears Eye $1,380–$1,200
FxWirePro- Woodies pivot (Major)
FxWirePro: USD/ CNY falls towards 6.750, bears keep the advantage
Geopolitical Easing Fuels AUDJPY Rally Toward 115 — Buy Dips at 113
FxWirePro: GBP/AUD runs out of steam but maintains bullish outlook
FxWirePro: AUD/ USD strongly bearish despite upside attempts
Peace Dividend Powers NZDJPY Past 93.50 — Bulls Set Sights on 96.15 Target
GBPJPY Coil Tightens: Is a Bullish Break Above 215.60 Imminent?
Relief Rally Extends to 112.75, but AUDJPY EMA Structure Favors Selling
FxWirePro: USD/CAD steadies around 1.3990 ,retains bid one
FxWirePro: USD/JPY gains above 160 level ahead of BOJ policy meeting
FxWirePro: GBP/AUD eases on Geopolitical whipsaw
FxWirePro: USD/ZAR edges higher, set to stay on back foot 



