FxWirePro- Woodies pivot (Major) 
FxWirePro- Woodies pivot (Major) 
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FxWirePro- Major European Indices 
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FxWirePro: USD/CAD steadies around 1.3990 ,retains bid one 
FxWirePro: AUD/ USD strongly bearish despite upside attempts 
CAD/JPY Breaks Down: Loonie Weakness and BOC Patience Set Bears’ Sights on 110 
FxWirePro: GBP/AUD eases on Geopolitical whipsaw 
FxWirePro: USD/ CNY falls towards 6.750, bears keep the advantage 
FxWirePro: USD/ZAR edges higher, set to stay on back foot 
FxWirePro- Major Crypto levels and bias summary 
BTC’s Bear Bounce: Sell the Rally Near $66K as Bears Target $59K–$52K Breakdown 
FxWirePro: EUR/AUD loses upside momentum but outlook is bullish 
FxWirePro: EUR/ NZD uptrend loses steam, remains on bullish path 
- USD/CNY is currently trading around 7.1267 marks.
- It made intraday high at 7.1476 and low at 7.1236 levels.
- Intraday bias remains bearish till the time pair holds key resistance at 7.15 mark.
- A sustained close above 7.1476 marks will test key resistances at 7.1548, 7.1877, 7.2095, 7.3645 and 7.58 marks respectively.
- Alternatively, a daily close below 7.1476 will drag the parity down towards key supports at 7.1177, 7.1080, 7.0621, 7.0497, 7.0108, 6.97, 6.9297 and 6.88 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.
- China Caixin services PMI stands at 51.3 pct vs 52.1 pct previous release (expected 52.1).
We prefer to take short position on USD/CNY around 7.1320, stop loss at 7.15 and target 7.1080/7.0621.
