- USD/CNY is currently trading around 6.8842 marks.
- It made intraday high at 6.8949 and low at 6.8821 levels.
- Intraday bias remains slightly bearish till the time pair holds key resistance at 6.8924 mark.
- A sustained close above 6.8924 marks will test key resistances at 6.90, 6.9150, 6.9297, 6.94, 6.9548 and 6.9750 marks respectively.
- Alternatively, a daily close below 6.8924 will drag the parity down towards key supports at 6.87, 6.8486, 6.8331, 6.8210, 6.80 and 6.7813 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 long position on USD/CNY only above 6.8924, stop loss at 6.87 and target of 6.9150/6.9297.


FxWirePro: GBP/NZD remains weak, eyes 38.2%fib support
FxWirePro: GBP/AUD bears maintain upper hand
FxWirePro: USD/ZAR gains as stronger dollar outweighs upbeat South Africa's trade surplus
FxWirePro:USD/JPY climbs back above 160.00 after BOJ rate decision
US Magnificent 7 Stocks Trend Score: Amazon & Microsoft Hit Extreme Bullish (+100) as Meta Drops to -100 — Key Resistance & Support Watchlist
FxWirePro: GBP/USD rises as soft US data pressures dollar
FxWirePro: USD/CNY dips to hit three year low,scope for further downside
FxWirePro- Major Pair levels and bias summary
FxWirePro: AUD/USD gains some ground but outlook is bearish
FxWirePro- Major Crypto levels and bias summary
Major FX Action Bias & US Market Sentiment: NZD/USD (Extremely Bullish) & AUD/USD (Bullish) Watchlist
FxWirePro- Woodies pivot (Major)
NZDJPY Bullish Rebound: Buy Dips as EMAs Align for 97 Target
AUD/JPY Slips Below 112 as BOJ Intervention Sparks Bearish Momentum: Sell the Rallies
FxWirePro- Major Crypto levels and bias summary
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 



