- USD/CNY is currently trading around 6.7589 marks.
- It made intraday high at 6.7689 and low at 6.7563 levels.
- Intraday bias remains bearish till the time pair holds key resistance at 6.7757 mark.
- A sustained close above 6.7689 marks will test key resistances at 6.7757, 6.7842, 6.8009, 6.8070, 6.8250, 6.8440, 6.8526, 6.8671, 6.8882, 6.8942, 6.9010 marks 6.9080 marks respectively.
- Alternatively, a daily close below 6.7689 will drag the parity down towards key supports at 6.7520, 6.7436 and 6.7222 marks respectively.
- China June house prices y/y decrease to 10.2 % vs previous 10.4 %.
- PBOC sets yuan mid-point at 6.7611/ dlr vs last close 6.7718.
We prefer to take short position in USD/CNY around 6.7600, stop loss at 6.7757 and target of 6.7520.
FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest


FxWirePro- Woodies Pivot(Major)
UK Economy Accelerates, But GBP/JPY Stays Capped – Sell Toward 206
FxWirePro: USD/ZAR extends losses as dollar drops after delayed U.S. data
FxWirePro- Major European Indices
FxWirePro: GBP/NZD remains bullish as rally continues
FxWirePro: EUR/NZD edges lower but bullish outlook persists
FxWirePro: NZD/USD downside pressure builds, key support level in focus
FxWirePro: GBP/AUD maintains bullish bias with focus on 2.0300 level
EUR/USD Surges Past 1.1765 on Dismal US Jobs Data: Bullish Momentum Builds with Eyes on 1.1900
Yen Power Play: AUDJPY Crumbles Below 103.70 Resistance
FxWirePro: AUD/USD runs out of steam but maintains bullish outlook
AUDJPY: Bearish Setup Intact — Sell Rallies Near 103.30 Targeting 100
USD Loses Shine: Soft Labor Market and Stalling Consumer Spending Drag USDCHF Lower
FxWirePro:USD/JPY neutral in the near-term, scope for downward resumption
BTC/USD Coils Ahead of CPI & BOJ: Buy Dips at $85K Targeting $100K Breakout 



