- USD/CNY is currently trading around 6.3889 marks.
- It made intraday high at 6.4041 and low at 6.3875 levels.
- Intraday bias remains bearish till the time pair holds key resistance at 6.4175 marks.
- A sustained close above 6.4060 marks will test key resistances at 6.4175, 6.4278, 6.4329, 6.4525 and 6.4730 marks respectively.
- Alternatively, a daily close below 6.4060 will drag the parity down towards key supports at 6.3875, 6.3750, 6.3654, 6.3510, 6.3313 and 6.3210 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.
- PBOC sets yuan mid-point at 6.4040 / dlr vs last close 6.4008.
We prefer to take short position on USD/CNY only below 6.3875, stop loss 6.4175 and target of 6.3654/6.3510.
FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest


FxWirePro- Woodies pivot (Major)
FxWirePro: GBP/AUD consolidating around 1.9185, bias is bearish
FxWirePro- Major Pair levels and bias summary
EUR/USD Retraces After 1.1555 Peak: Technical Levels Point to 1.1600
FxWirePro: GBP/NZD downside pressure builds, key support level in focus
FxWirePro: NZD/USD turns lower as USD regains footing
FxWirePro: GBP/NZD downtrend extends, remains on bearish path
FxWirePro : EUR/NZD outlook weaker on renewed downside pressure
FxWirePro- Major Crypto levels and bias summary
AUDJPY Bounces 150 Pips on Short Covering — Sell Rallies at 111.40 Targeting 108 as Higher EMAs Stay Bearish
FxWirePro: GBP/AUD under pressure as the pair continues to weaken
FxWirePro: AUD/USD firms after upbeat consumer spending data
Chart of the Day: BTC Double Bottom Ignites — Buy Above $64,050 for $67K–$70K Blast-Off
FxWirePro: USD/ZAR faces downside pressure with 38.2%fib support in focus
FxWirePro: GBP/USD edges higher as markets track U.S.-Iran talks and oil moves
Gold Retreats as Geopolitical Fears Ease: Bears Target $4,000 Support 



