- USD/CNY is currently trading around 6.8964 marks.
- It made intraday high at 6.9128 and low at 6.89 levels.
- Intraday bias remains slightly bearish till the time pair holds key resistance at 6.9330 marks.
- On the top side, a sustained close above 6.9052 marks will test key resistances at 6.9132, 6.9237, 6.9330, 6.9435, 6.9637 and 6.9883 marks respectively.
- Alternatively, a daily close below 6.9052 will drag the parity down towards key supports at 6.8890, 6.87, 6.8550, 6.8449, 6.8090, 6.7969, 6.7769, 6.7540, 6.7439, 6.7370, 6.7288, 6.7180 and 6.7055.
- Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart. Current downside movement is short term trend correction only.
- PBOC sets Yuan mid-point at 6.8889/ dollar vs last close 6.9083.
We prefer to take long position in USD/CNY around 6.8750, stop loss at 6.8510 and target of 6.9237/6.9330/6.9637.


FxWirePro: GBP/AUD under pressure after disappointing U.S. employment data
FxWirePro- Woodies pivot (Major)
FxWirePro : EUR/NZD holding below 38.2% fibo ahead of US data
EURGBP Bears Break Trendline: Sell Rallies at 0.8578 as Support Breach Eyes 0.8450 Slide
FxWirePro- Woodies pivot (Major)
NZDJPY Bears Lie in Wait: Sell Rallies at 93 for 90 Target with 94 Stop
FxWirePro : USD/CAD falls as strong Canadian jobs data lifts loonie
FxWirePro: GBP/USD rises as weak U.S. jobs data pressures dollar
Bitcoin Reclaims $65,000 as Easing Geopolitical Tensions Fuel Risk-On Rally
FxWirePro: EUR/ AUD neutral in the near term, scope further downside
FxWirePro- Major Crypto levels and bias summary
FxWirePro: NZD/USD retreats as Middle East instability weighs
FxWirePro : EUR/NZD slips lower after soft US jobs report
AUDJPY Bears Poised: Sell Rallies at 111.55 for 108 Target with 112.20 Stop 



