• USD/ CNY slipped lower on Monday as broad weakness in the U.S. currency offset concerns over an economic slowdown in the Asian giant and a softer-than-expected official guidance fix..
• Industrial output rose 4.8% year-on-year in November, the weakest pace since August 2024, slowing from 4.9% in October and missing the 5.0% forecast, according to National Bureau of Statistics (NBS) data released Monday.
•Retail sales, a key measure of consumption, rose just 1.3% in November the weakest pace since December 2022, when China lifted pandemic restrictions falling well short of October’s 2.9% growth and the 2.8% forecast.
• In global markets, the dollar was nursing losses, with focus squarely on the rate outlooks across major economies as the new year approaches.
• Immediate resistance is located at 7.055 (Daily high), any close above will push the pair towards 7.069(38.2%fib).
• Support is seen at 7.048(23.6%fib) and break below could take the pair towards 7.039 (Lower BB).
Recommendation: Good to sell around 7.050 with stop loss of 7.070 and target price of 7.030


FxWirePro- Woodies pivot (Major)
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/NZD slide extends ,eyes 2.2600 level
FxWirePro: GBP/AUD downside pressure builds, key support level in focus
FxWirePro: EUR/AUD downward momentum remains in place
EUR/JPY Bulls Hold the Line Above 185: Eyes Locked on 188 Breakout
FxWirePro: USD/ZAR slips as SARB delivers surprise rate hike
FxWirePro: GBP/USD recovers some ground but bears are not done yet
FxWirePro- Major Pair levels and bias summary
Ethereum Tumbles Below $2K: Bears Eye $1,700 as All Key EMAs Flip Red
FxWirePro: USD/JPY edges higher but bulls lack punch
FxWirePro: GBP/NZD extends decline , vulnerable to more downside
FxWirePro: USD/CAD bulls continue to hold the higher ground
FxWirePro: NZD/USD gains as hawkish RBNZ comments boost Kiwi dollar
Aussie Yen Breaks 114 Barrier: Bulls Lock Horns With Resistance, Eyes on 115 Summit
FxWirePro: USD/CNY bears maintain upper hand 



