• USD/CNY edged higher on Monday as dollar was supported by safe-haven flows following the breakdown of U.S.-Iran peace talks.
• Risk-off trades dominated the markets again on Monday as the U.S. military said it would begin a blockade of all maritime traffic entering and exiting Iranian ports and coastal areas.
•The U.S. currency advanced broadly in early Asian trade. The dollar index held steady above 99, near its highest level in a week.
•Oil prices also surged, with Brent crude futures jumping more than 7% to above $100 a barrel.
• Prior to the market opening, the PBOC set the midpoint rate CNY=PBOC at 6.8657 per dollar, near the three-year high seen last week.
• Immediate resistance is located at 6.840(Daily high), any close above will push the pair towards 6.875(38.2%fib)
• Support is seen at 6.823(23.6%fib) and break below could take the pair towards 6.806(Lower BB).
Recommendation: Good to sell around 6.835 with stop loss of 6.900 and target price of 6.800


FxWirePro: USD/CAD recovers slightly but bearish outlook persists
FxWirePro: EUR/CAD gains ground on prospects of resumed energy flows
FxWirePro: GBP/USD bulls remain cautiously optimistic
FxWirePro- Major European Indices
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/AUD positions for another drop, eyes 1.8900level
FxWirePro: USD/CAD extends decline on broad dollar weakness
FxWirePro: GBP/AUD gains some upside momentum but still bearish
FxWirePro: USD/ZAR recovers slightly but trend is still bearish
FxWirePro: USD/JPY holding bid into weekend
FxWirePro- Woodies Pivot(Major)
FxWirePro: GBP/NZD down trend loses steam, remains on bearish path
FxWirePro: GBP/NZD up trend gains some momentum but hurdles ahead
FxWirePro: EUR/AUD under pressure as key support gives way
Energy Surge Ignites US Inflation: USDCHF Eyes Support Amid Dollar Sell-Off
FxWirePro: AUD/USD retreats slightly but trend is still bullish 



