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FxWirePro- Major Pair levels and bias summary 
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FxWirePro- Major Crypto levels and bias summary 
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FxWirePro: USD/CNY bears maintain upper hand 
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FxWirePro- Major Crypto levels and bias summary 
• USD/CNY fell to a fresh 34-month low on Thursday as the yuan was supported by broad dollar weakness, seasonal export flows, and strong domestic equity market.
• The yuan is now up 0.9% against the dollar this week, set to register its 13th straight week of appreciation.
• Prior to the market opening, the People's Bank of China set the midpoint rate CNY=PBOC at 6.9228 per dollar, its strongest since May 11, 2023.
• The central bank has steadily raised its daily yuan fixing, though at weaker-than-expected levels, signaling a cautious approach to the currency’s appreciation.
• At GMT 05:55,the dollar was up 0.75% at 7.157 against Chinese Yuan
• Immediate resistance is located at 6.874 (38.2%fib), any close above will push the pair towards 6.882 (Feb 25th high).
• Support is seen at 8.336(38.2%fib) and break below could take the pair towards 6.7861 (23.8%fib).
Recommendation: Good to sell around 6.835 with stop loss of 6.850 and target price of 6.800
