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FxWirePro: USD/CNY jumps above 6.84 mark, PBOC sets yuan mid-point at 6.8220

Monday, June 26, 2017 3:49 AM UTC

USD/CNY is currently trading around 6.8412 marks.
It made intraday high at 6.8420 and low at 6.8250 levels.
Intraday bias remains bullish for the moment.
A sustained close above 6.8344 marks will test key resistances at 6.8526, 6.8671, 6.8882, 6.8942, 6.9010 marks 6.9080 marks respectively.
Alternatively, a daily close below 6.8344 will drag the parity down towards key supports at 6.8250, 6.8174, 6.8057, 6.7887, 6.7769, 6.7626, 6.7520 and 6.7436 marks respectively.
PBOC sets yuan mid-point at 6.8220/ dlr vs last close 6.8380.

We prefer to take long position in USD/CNY only above 6.8435, stop loss at 6.8200 and target of 6.8526/6.8578.

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FxWirePro: USD/CNY jumps above 6.84 mark, PBOC sets yuan mid-point at 6.8220

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