- USD/CNY is currently trading around 6.5767 marks.
- It made intraday high at 6.5817 and low at 6.5607 levels.
- Intraday bias remains bullish till the time pair holds key support at 6.5510 levels.
- A sustained close above 6.57 marks will test key resistance at 6.6042 (January 07, 2016 high) marks.
- Alternatively, reversal from key resistance will drag the parity down towards key supports at 6.5510(20D EMA), 6.5369, 6.5758, 6.4910, 6.4721 and 6.4531 levels.
- Important to note here that, 20D EMA, 30D and 55D EMA heads up, which confirms bullish trend.
- PBOC sets Yuan mid-point at 6.5784 / dlr vs last close 6.5650.
Positioning is inconclusive at this point, with prices offering no clear cut signal to initiate a long or short trade. We will continue to remain on sidelines for the time being.


FxWirePro:GBP/NZD recovers ground after early dip, bias bullish
FxWirePro: GBP/AUD runs out of steam but maintains bullish outlook
FxWirePro: GBP/USD recovers slightly from early decline ahead of Bank of England’s interest rate decision
GBP/JPY Surges Post-BoE Cut: Bullish Momentum Eyes 210 as Support Holds at 207.80
FxWirePro: USD/ZAR neutral in the near-term, scope for downward resumption
FxWirePro: USD/CNY neutral in the near-term, scope for downward resumption
FxWirePro: NZD/USD dips as stronger U.S. dollar offsets NZ Q3 GDP surprise
FxWirePro: USD/ZAR bears maintain upper hand
NZDJPY: Sell the Rallies as Bears Guard 90–91 Resistance Zone
AUD/JPY Stalls Ahead of BOJ Decision: Sell on Rallies as Bearish Bias Holds Below 103.70
FxWirePro: EUR/AUD runs out of steam but maintains bullish outlook
FxWirePro: EUR/AUD trends higher, but faces potential pitfalls
NZDJPY Whipsaws After BoJ Hike: Buy-the-Dip Setup Above 89 With Eyes on 92
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/JPY firms as Japanese Yen weakens after BoJ rate hike
FxWirePro: USD/JPY catches bid ahead of BoJ meeting
FxWirePro: AUD/USD bulls struggle to hold on US CPI induced gains 



