- USD/CNY is currently trading around 7.0703 marks.
- It made intraday high at 7.0710and low at 7.0486 levels.
- Intraday bias remains bullish till the time pair holds key support at 7.0459 mark.
- A sustained close above 7.0611 marks will test key resistances at 7.0790, 7.0920, 7.1057, 7.1142, 7.1303 and 7.1515 marks respectively.
- Alternatively, a daily close below 7.0459 will drag the parity down towards key supports at 7.0285, 7.01, 7.0076, 6.9857 and 6.9510 marks respectively.
- Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart. Current downside movement is short term trend correction only.
We prefer to take short position in USD/CNY only below 7.0459, stop loss at 7.0911 and target of 7.0285/7.01.


FxWirePro: NZD/USD consolidates overnight gains, but loses momentum
FxWirePro : GBP/NZD strongly bearish despite upside attempts
FxWirePro: USD/CNY dips to hit three year low,scope for further downside
AUDJPY Volatile After Massive Sell-Off: Sell Rallies at 113, Targeting 110 as Bearish Momentum Surges
NZDJPY Retreats on Yen Strength – Bearish Setup Targets 90 After Hitting 92.75 Low
FxWirePro: USD/CAD slips after Fed holds rates steady
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/USD rises as soft US data pressures dollar
FxWirePro:USD/JPY climbs back above 160.00 after BOJ rate decision
FxWirePro: AUD/USD dips below lower range, bearish bias increases
Nikkei Surges Past 65,000 on Suspected Yen Weakness: Tech Giants Like Advantest and NEC Lead Explosive Gains
Major European Indices Score Extremely Bullish: DAX Eyes 26000, CAC Targets 8600, FTSE100 at 11000 – Key Levels to Watch
FxWirePro: GBP/AUD drifts lower after BOE rate decision
FxWirePro: USD/JPY edges higher as focus shifts to BOJ decision
FxWirePro- Woodies pivot (Major)
FxWirePro: NZD/USD firms as Kiwi gains on strong ANZ business outlook data 



