- USD/CNY is currently trading around 7.0337 marks.
- It made intraday high at 7.0399 and low at 7.0313 levels.
- Intraday bias remains neutral till the time pair holds key resistance at 7.0416 mark.
- A sustained close above 7.0388 marks will test key resistances at 7.0540, 7.07 and 7.0920 marks respectively.
- Alternatively, a daily close below 7.0388 will drag the parity down towards key supports at 7.0262, 7.0180, 7.0074, 6.9765, 6.9525, 6.9297 and 6.88 marks respectively.
- 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 on USD/CNY only above 7.0420, stop loss at 7.0250 and target of 7.0540/7.07.


FxWirePro: AUD/USD firms slightly, but downward resumption looks likely
FxWirePro: GBP/AUD eases slightly but trend is still bullish
Sterling's Shine Fades: GBPJPY Sell-on-Rally Setup Targets 210.40 Breakdown
FxWirePro: EUR/AUD jumps as payrolls surprise fuels upside
EUR/USD Relief Rally Crashes Into 200/365 EMA Wall: Sell-on-Rise Near 1.1600 Targets 1.1435
FxWirePro- Major Crypto levels and bias summary
FxWirePro: AUD/USD holds narrow range, focus on near-term support
AUD/JPY Dead-Cat Bounce Halted by EMA Wall; Sell-on-Rise Eyes 110.50 Target
Sterling Surge: GBP/JPY Smashes Above 214 With Triple EMA Blessing; Bulls Eye 217
FxWirePro- Woodies pivot (Major)
FxWirePro: USD/CAD bulls continue to hold the higher ground
NZDJPY Bearish Reversal Intact: Triple EMA Stack Signals Sell-on-Rallies Play Toward 90.50
FxWirePro: GBP/USD hovers near three week low, bearish outlook remains
FxWirePro: USD/ZAR erases early gains ,looking vulnerable
FxWirePro: NZD/USD gains slightly but bearish outlook remains
NZD/JPY Bear Trap: Triple EMA Ceiling Blocks Relief Rally, Sellers Eye 90.50 



