Friday, October 16, 2026

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FxWirePro: USD/CNY refrains to fall below 6.5040, China CPI data in focus

Pair is currently trading at 6.5121 levels. It made intraday high at 6.5121 and 6.5044 levels. Intraday bias remains bullish for the moment. A daily close below 6.5040 will take the parity towards key support at 6.4910/ …

By Earlence Fernandes
1 min read
FxWirePro: USD/CNY refrains to fall below 6.5040, China CPI data in focus
Image from the original EconoTimes article

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  • Pair is currently trading at 6.5121 levels.
     
  • It made intraday high at 6.5121 and 6.5044 levels.
     
  • Intraday bias remains bullish for the moment.
     
  • A daily close below 6.5040 will take the parity towards key support at 6.4910/ 6.4737 marks.
     
  • Alternatively, reversal will take the parity around 6.55/ 6.5758 levels thereafter.
     
  • Looking ahead, traders now focus on the China's CPI figure due tomorrow and likely to remain steady at 1.8%.

Trading call: Go long on USD/CNY around 6.51, stop loss 6.4910 and target 6.5758 levels.

 

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By FxWirePro Team