• USD/CNY edged lower on Wednesday as yuan firmed after much-strengthened official guidance rate set by the central bank.
• Prior to the market opening, the People's Bank of China (PBOC) set the midpoint rate at 6.7628 per dollar, its strongest since February 3, 2023, and 480 pips weaker than estimate of 6.7148.
• Federal Reserve rate decision is due later in the day, where traders expect the first of what could be several U.S. interest rate hikes.
• China's yuan has gained 4.2% against the dollar so far this year to become one of the best-performing Asian currencies.
• Immediate resistance is located at 6.715(SMA20), any close above will push the pair towards 6.727(38.2%fib)
• Support is seen at 6.704(23.6%fib) and break below could take the pair towards 6.699 (Lower BB).
Recommendation: Good to sell around 6.710, with stop loss of 6.740 and target price of 6.680


FxWirePro: USD/ZAR bearish again as upside bias reverses
Major Pair Currency Score: EURUSD, GBPUSD, NZDUSD, AUDUSD Extremely Bearish; USDCAD Extremely Bullish
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/AUD struggle to extend its recovery, good to sell on rally
FxWirePro: USD/ZAR runs out of steam but mains bullish outlook
FxWirePro: GBP/USD gains some upside momentum but still bearish
FxWirePro: NZD/USD falls as stronger dollar weighs on kiwi
FxWirePro: EUR/NZD eases after hot US CPI data
FxWirePro: EUR/AUD edges higher but outlook is bearish
FxWirePro: USD/JPY trades in tight range ahead of event risks
FxWirePro- Major Pair levels and bias summary
FxWirePro: NZD/USD edges lower ahead Of FOMC decision
FxWirePro: GBP/AUD neutral in the near term, scope for further downside
AUDJPY: Bearish Outlook Despite Short-Term Bullish Signals, Sell Rallies Near 110.78
FxWirePro- Woodies Pivot (Major)
FxWirePro: GBP/USD slips as oil surge and higher Treasury yields lift dollar 



