- USD/CNY is currently trading around 6.5788 marks.
- It made intraday high at 6.5847 and low at 6.5765 levels.
- Intraday bias remains bearish till the time pair holds key resistance at 6.6050 mark.
- A sustained close above 6.5832 marks will test key resistances at 6.6050, 6.6210, 6.6326, 6.6405, 6.6464, 6.6510, 6.6615, 6.6673, 6.6735 and 6.6964 marks respectively.
- Alternatively, a daily close below 6.5832 will drag the parity down towards key supports at 6.5710, 6.5635, 6.5545, 6.5456 and 6.5371 marks respectively.
- PBOC sets yuan mid-point at 6.5821/ dlr vs last close 6.5855.
- 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 6.5790, stop loss 6.5875 and target of 6.5545/6.5456.
FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest


FxWirePro: EUR/AUD trends higher, but faces potential pitfalls
AUDJPY: Bearish Setup Intact — Sell Rallies Near 103.30 Targeting 100
FxWirePro: EUR/NZD edges lower but bullish outlook persists
FxWirePro: GBP/USD recovers slightly from early decline ahead of Bank of England’s interest rate decision
FxWirePro: GBP/AUD dive post-CPI short-lived as traders prepare for BoE decision
FxWirePro: GBP/NZD remains bullish as rally continues
FxWirePro: EUR/AUD uptrend loses steam, remains on bullish path
EUR/JPY Bearish Outlook Persists: Ifo Weakness Caps Upside, Sell Rallies Targeting 180 Below 183 Resistance
FxWirePro- Woodies Pivot(Major)
FxWirePro: GBP/AUD maintains bullish bias with focus on 2.0300 level
FxWirePro: EUR/NZD steadies ahead of ECB meeting
FxWirePro:USD/JPY neutral in the near-term, scope for downward resumption
FxWirePro: NZD/USD sidelined ahead Of key New Zealand GDP and US inflation update
EUR/USD Surges Past 1.1765 on Dismal US Jobs Data: Bullish Momentum Builds with Eyes on 1.1900
FxWirePro-Major European Indices
FxWirePro: USD/ZAR extends losses as dollar drops after delayed U.S. data 



