- USD/CNY is currently trading around 6.6875 marks.
- It made intraday high at 6.6889 and low at 6.6809 levels.
- Intraday bias remains bullish till the time pair holds key support at 6.6689 mark.
- A sustained close above 6.6844 marks will test key resistances at 6.7055, 6.7206, 6.7289, 6.7373, 6.7486, 6.7529, 6.7668 and 6.7776 marks respectively.
- Alternatively, a daily close below 6.6844 will drag the parity down towards key supports at 6.6689, 6.6449, 6.6378 and 6.6220 marks respectively.
- PBOC sets yuan mid-point at 6.6779/ dlr vs last close 6.6860.
- Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart. Current upside movement is short term trend correction only.
We prefer to take long position in USD/CNY around 6.6850, stop loss at 6.6700 and target of 6.7055.
FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest


FxWirePro: EUR/NZD steadies ahead of ECB meeting
FxWirePro: USD/JPY catches bid ahead of BoJ meeting
FxWirePro: AUD/USD struggle to extend its recovery,good to sell on rally
FxWirePro: EUR/AUD trends higher, but faces potential pitfalls
FxWirePro: USD/ZAR bears maintain upper hand
FxWirePro- Woodies Pivot(Major)
FxWirePro- Woodies Pivot(Major)
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/CAD downtrend slows, but bearish sentiment remains
NZDJPY: Sell the Rallies as Bears Guard 90–91 Resistance Zone
ETH/USD Clings Below $3000 in BTC's Shadow: Buy Deep Dips at $2700 Targeting $4000 Breakout
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Major Pair levels and bias summary
FxWirePro: NZD/USD dips as stronger U.S. dollar offsets NZ Q3 GDP surprise
FxWirePro: EUR/AUD runs out of steam but maintains bullish outlook
EUR/JPY Holds Bullish Bias Post-ECB Pause: Buy Dips Toward 185 as 182 Support Stands Firm 



