- USD/CNY is currently trading around 6.8970 marks.
- It made intraday high at 6.8982 and low at 6.8865 levels.
- Intraday bias remains bullish till the time pair holds key support at 6.85 marks.
- On the top side, a sustained close above 6.89 marks will test key resistances at 6.9224, 6.9435 and 6.9637 marks respectively.
- Alternatively, a daily close below 6.85 will drag the parity down towards key supports at 6.8090, 6.7969, 6.7769, 6.7540, 6.7439, 6.7370, 6.7288, 6.7180 and 6.7055.
- PBOC sets Yuan mid-point at 6.8985/ dollar vs last close 6.8880.
- Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart.
We prefer to take long position in USD/CNY around 6.8885, stop loss at 6.85 and target of 6.9224.


FxWirePro- Woodies Pivot(Major)
FxWirePro: USD/CNY outlook weaker on renewed downside pressure
FxWirePro: GBP/NZD ticks down after UK GDP data disappoints
FxWirePro: NZD/USD weakens as RBNZ quashes rate hike talk
EUR/JPY Retreats: Yen Strength Caps Rally, Bearish Bias Intact Below 183.15
FxWirePro: GBP/AUD gives up early gains after UK GDP shock
NZD/JPY: Bearish Momentum Builds — Sell the Rallies Below 90.90 for a Slide Toward 88.00
FxWirePro- Major Crypto levels and bias summary
FxWirePro: EUR/CAD gaining momentum for a move towards 1.6250 level
FxWirePro- Major Crypto levels and bias summary
FxWirePro: EUR/CAD gives back chunk of early gains, eyes another drop
FxWirePro: USD/JPY slips as yen gains ahead of BOJ meet
FxWirePro: GBP/NZD firms as RBNZ pushes back on rate hike prospects
FxWirePro: USD/CNY outlook weaker on renewed downside pressure
Euro Refuses to Die: EUR/JPY Holds 182.50, Eyes 184 Breakout
FxWirePro: USD/CAD recovers slightly but trend is still bearish
Yen Strikes Back: AUD/JPY Retreats as BOJ Policy Looms – Sell on Rallies to 100 



