- USD/CNY is currently trading around 6.3085 marks.
- It made intraday high at 6.3135 and low at 6.2941 levels.
- Intraday bias remains bearish till the time pair holds key resistance at 6.3372 mark.
- A sustained close above 6.3114 marks will test key resistances at 6.3372, 6.3501, 6.3625, 6.3855 and 6.4017 marks respectively.
- Alternatively, a daily close below 6.3114 will drag the parity down towards key supports at 6.2827, 6.2584, 6.2322, 6.2196 and 6.1907 marks respectively.
- PBOC sets yuan mid-point at 6.3146 / dlr.
- Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart.
We prefer to take short position on USD/CNY around 6.3100, stop loss at 6.3372 and target of 6.2650.
FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest


FxWirePro: GBP/AUD under pressure as the pair continues to weaken
FxWirePro- Major Crypto levels and bias summary
FxWirePro: EUR/AUD gains slightly, but downward resumption looks likely
EUR/USD Retraces After 1.1555 Peak: Technical Levels Point to 1.1600
FxWirePro : USD/JPY slips as Yen firms on further Intervention talk
FxWirePro: AUD/USD grinds higher amid risk appetite revival
FxWirePro- Major Pair levels and bias summary
Major Pair Currency Scores: GBPUSD, USDCAD, AUDUSD & NZDUSD Lead as Top Bullish Pairs to Watch
Bitcoin Bulls Hold Key EMAs Above $64,000—Is a Rally Toward $70,000 Next?
FxWirePro: NZD/USD eases as NZ unemployment surges in Q2
FxWirePro: GBP/USD edges higher as markets track U.S.-Iran talks and oil moves
FxWirePro: GBP/USD supported by UK services recovery and dollar weakness
EUR/USD Eyes 1.1660 Breakout: Buying Dips Near 1.1530 as Geopolitical Tensions Ease
FxWirePro: USD/ZAR faces downside pressure with 38.2%fib support in focus
FxWirePro: GBP/AUD edges lower, bearish outlook persists
AUDJPY Momentum Fades at 111: Sell Rallies to 108 as Bearish EMAs Dominate 



