- USD/CNY is currently trading around 6.6404 marks.
- It made intraday high at 6.6436 and low at 6.6310 levels.
- Intraday bias remains bullish till the time pair holds key support at 6.6255 mark.
- A sustained close above 6.6334 marks will test key resistances at 6.6550, 6.6673, 6.6735 and 6.6964 marks respectively.
- Alternatively, a daily close below 6.6334 will drag the parity down towards key supports at 6.6255, 6.6184, 6.6064, 6.6010, 6.5884, 6.5710, 6.5635, 6.5456 and 6.5371 marks respectively.
- PBOC sets yuan mid-point at 6.6322/ dlr vs last close 6.6330.
- 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 in USD/CNY around 6.6330, stop loss at 6.6400 and target of 6.6010.
FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest


FxWirePro: GBP/AUD eases slightly, focus on near-term support
FxWirePro: GBP/USD supported by UK services recovery and dollar weakness
FxWirePro: NZD/USD softens despite firm expectations for RBNZ tightening
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/CAD eases slightly but trend is still bullish
FxWirePro- Major Crypto levels and bias summary
AUDJPY Bears Poised: Sell Rallies at 111.55 for 108 Target with 112.20 Stop
FxWirePro: GBP/USD eases as dollar firms ahead of U.S. June non-farm payrolls report
Currency Score Alert: GBPUSD, AUDUSD & NZDUSD Top the Charts at 85 – Major Levels to Watch for Bullish Breakouts
FxWirePro: USD/JPY holds tight range ahead of key U.S. payrolls data
FxWirePro: USD/CNY slips as strong China exports data Lift yuan
Gold Hits 6-Week High: Buy Dips at $4220 as Bullish Momentum Eyes $4400 Breakout
FxWirePro: GBP/AUD edges lower, bearish outlook persists
FxWirePro: EUR/AUD gains slightly, but downward resumption looks likely
FxWirePro: USD/CNY edges lower, scope for further downside
NZDJPY Bears Lie in Wait: Sell Rallies at 93 for 90 Target with 94 Stop
FxWirePro: USD/ZAR gains some ground, but downtrend remains 



