- USD/CNY is currently trading around 6.9967 marks.
- It made intraday high at 7.0214 and low at 6.9935 levels.
- Intraday bias remains bearish till the time pair holds key resistance at 7.0207 mark.
- A sustained close above 7.0207 marks will test key resistances at 7.0388, 7.07 and 7.0920 marks respectively.
- Alternatively, a daily close below 7.0207 will drag the parity down towards key supports at 6.9550, 6.9210, 6.90, 6.8658, 6.84 and 6.8222 marks respectively.
- Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart.
We prefer to take short position on USD/CNY around 7.00, stop loss at 7.0215 and target of 6.9550.


FxWirePro: GBP/AUD bulls gain momentum on hot U.S. Jobs data
FxWirePro: USD/ZAR erases early gains ,looking vulnerable
FxWirePro: EUR/NZD tight ranges prevail as market waits for fresh catalyst
FxWirePro: GBP/USD falls to two-week low on strong US jobs data
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/JPY holds firm despite concerns over possible currency intervention
FxWirePro: EUR/ NZD bulls gain momentum,eyes level 2.0000
NFP Shockwave Wipes Out EURUSD Gains as King Dollar Roars Back; Bears Target 1.1525
FxWirePro: USD/JPY on nervous hold around 160.00
FxWirePro- Major Pair levels and bias summary
AUDJPY Cracks Below 113: Bearish Breakdown Accelerates Toward 110.50 Target
FxWirePro: USD/CAD extends gains as U.S. dollar gains momentum after strong U.S. NFP data
Sterling's Shine Fades: GBPJPY Sell-on-Rally Setup Targets 210.40 Breakdown
FxWirePro- Woodies pivot (Major)
FxWirePro: GBP/USD hovers near three week low, bearish outlook remains
GBPJPY Claims 215: Sterling Bulls Forge Ahead with Locked-In Momentum 



