- USD/CNY is currently trading around 6.2914 marks.
- It made intraday high at 6.3040 and low at 6.2914 levels.
- Intraday bias remains neutral till the time pair holds key resistance at 6.3160 marks.
- A sustained close above 6.2954 marks will test key resistances at 6.3160, 6.3320, 6.3515, 6.3625, 6.3855 and 6.4017 marks respectively.
- Alternatively, a daily close below 6.2954 will drag the parity down towards key supports at 6.2681, 6.2584, 6.2322, 6.2196 and 6.1907 marks respectively.
- PBOC sets yuan mid-point at 6.3046 / dlr.
- 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 only below 6.2680, stop loss 6.3110 and target of 6.2420.
FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest


FxWirePro- Woodies pivot (Major)
FxWirePro: USD/ZAR faces downside pressure with 38.2%fib support in focus
FxWirePro: USD/ZAR extends decline, scope for further downside
Major European Indices Trend Scores: DAX & CAC40 Hit Perfect 100, FTSE100 at 85 — All Bullish with Key Levels to Watch
FxWirePro: AUD/USD grinds higher amid risk appetite revival
FxWirePro : EUR/NZD outlook weaker on renewed downside pressure
FxWirePro: GBP/USD edges higher as markets track U.S.-Iran talks and oil moves
FxWirePro- Major Pair levels and bias summary
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/NZD downtrend extends, remains on bearish path
EUR/USD Retraces After 1.1555 Peak: Technical Levels Point to 1.1600
Currency Scores of Major Pairs: GBPUSD, AUDUSD & NZDUSD Top Charts at 85 — Bullish Pairs to Watch
FxWirePro: GBP/AUD under pressure as the pair continues to weaken
Bitcoin Bulls Hold Key EMAs Above $64,000—Is a Rally Toward $70,000 Next?
AUDJPY Bounces 150 Pips on Short Covering — Sell Rallies at 111.40 Targeting 108 as Higher EMAs Stay Bearish
Major Pair Currency Scores: GBPUSD, USDCAD, AUDUSD & NZDUSD Lead as Top Bullish Pairs to Watch 



