- USD/CNY is currently trading around 6.3927 marks.
- It made intraday high at 6.3938 and low at 6.3849 levels.
- Intraday bias remains bullish till the time pair holds key support at 6.3837 marks.
- A sustained close above 6.3859 marks will test key resistances at 6.4041, 6.4175, 6.4278, 6.4329, 6.4525 and 6.4730 marks respectively.
- Alternatively, a daily close below 6.3859 will drag the parity down towards key supports at 6.3837, 6.3750, 6.3654, 6.3510, 6.3313 and 6.3210 marks respectively.
- Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart.
- PBOC sets yuan mid-point at 6.3919 / dlr vs last close 6.3898.
We prefer to take long position on USD/CNY around 6.3900, stop loss 6.3837 and target of 6.4175.
FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest


AUDJPY Bulls Stay in Control: Buy the Dips Above 103.80 Targeting 106
FxWirePro: USD/JPY retreats as Japan signals possible FX intervention
USDCHF Triple Bottom at 0.7920 Under Threat: Bearish Signals Dominate – Sell Rallies Targeting 0.7865
BTCUSD Dips Post-BOJ Hike: No Swift Tightening Boosts Risk – Buy Around $87K Targeting $100K
FxWirePro- Woodies Pivot(Major)
FxWirePro: GBP/USD advances on steady UK GDP growth
Yen Capitulation Sends GBPJPY to 17-Year Peak – 212.60 Next?
FxWirePro: GBP/NZD attracts buying interest, 38.2% fib eyed
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/CNY downside pressure builds, key support level In focus
FxWirePro: USD/ZAR extends losses ,eyes 16.400 level
EUR/JPY Surges on Yen Weakness: Bullish Momentum Eyes 186-187 Targets
FxWirePro: AUD/USD edges higher ahead of RBA meeting minutes
FxWirePro- Major European Indices
FxWirePro: USD/ZAR edges higher but bearish outlook persists
FxWirePro: EUR/NZD uptrend loses steam, remains on bullish path 



