AUDJPY Powers Up: Bullish Bias Holds Above 107 – Eyes 110 on Breakout 
NZDJPY Poised to Break Higher: Buy-the-Dip Strategy Above 91.40 Support 
FxWirePro: NZD/USD edges up, remains on front foot 
EUR/JPY Stuck in Neutral Gear — Bulls Still in Control Above 182 
FxWirePro: AUD/USD eases from 3-year high , bias bullish 
NZDJPY Bulls Eye 95: Why Buying the Dip is the Strategic Play 
FxWirePro: USD/ZAR recovers slightly but bears are not done yet 
EURJPY Trapped in Bearish Squeeze: Sell Rallies Near 184 – 180 in Sight 
CAD/JPY Dips After Weak GDP – Buy the Pullback at 113, Eyes 115 Breakout 
FxWirePro: GBP/AUD gains some upside momentum but still bearish 
FxWirePro- Woodies Pivot(Major) 
USDCHF PPI-Powered Spike Fades: Sell Rallies Near 0.7750 – Eyes 0.7500 Drop 
FxWirePro: NZD/USD pulls back from 6-month high 
Major European Indices 
GBPJPY Roars Back 100 Pips — Bulls in Charge Above 210 
FxWirePro: USD/CAD claws back some ground, but downtrend remains intact 
FxWirePro: EUR/AUD gains some upside momentum but still bearish 
- USD/CNY is currently trading around 6.9075 marks.
- It made intraday high at 6.9321 and low at 6.8874 levels.
- Intraday bias remains bearish for the moment. .
- A daily close below 6.8983 will drag the parity down towards key supports at 6.8770, 6.8510 and 6.8449 marks respectively.
- On the other side, a sustained close above 6.90 marks will test key resistances at 6.9201, 6.9321, 6.9496, 6.9615, 6.9778 and 6.9883 marks respectively.
- 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 6.9307/ dollar vs last close 6.9306.
- China December Caixin services PMI increases to 53.4 vs prev 53.1.
- China Caixin December composite index (manufacturing and services) rises to 53.5, near four-year high.
We prefer to take short position in USD/CNY around 6.9050, stop loss 6.9321 and target of 6.9615.
