• USD/ CNY strengthened on Monday as Chinese Yuan weakened as support measures from China continued to disappointed investors.
• On Friday, China announced a 10 trillion yuan ($1.40 trillion) debt package aimed at addressing local debt problems, falling short of investors' expectations for a large-scale fiscal stimulus.
•On the data front, China's consumer prices rose at the slowest pace in four months in October while producer price deflation deepened, data showed on Saturday, even as Beijing doubled down on stimulus to support the sputtering economy.
• At GMT 05:22,the dollar was up 0.12% at 7.186 against Chinese Yuan.
•Technical signals show the pair could gain more ground as RSI is up at 59, and 9, 11,21 DMA’s are trending north.
• Immediate resistance is located at 7.190 (23.6%fib), any close above will push the pair towards 7.199 (Higher BB).
• Support is seen at 7.165(38.2%fib) and break below could take the pair towards 7.143 (50%fib).
Recommendation: Good to buy around 7.183 with stop loss of 7.150 and target price of 7.220


FxWirePro- Major Crypto levels and bias summary
FxWirePro- Major Pair levels and bias summary
BTCUSD Holds Above 365 EMA as Bullish Momentum Builds Toward $70K
FxWirePro: USD/CAD retreats slightly but trend is still bullish
ETHUSD Breaks Above $1900 as Bulls Eye $2300 and Beyond
FxWirePro- Woodies pivot (Major)
FxWirePro- Woodies pivot (Major)
AUDJPY Pulls Back on Profit Booking: Buy Dips Toward 117/118
NZDJPY Bullish Above 95: Buy Dips Toward 97 as Kiwi Strength Holds Firm
FxWirePro:USD/JPY hovers near 40-year peak,intervention fears linger
Major Crypto Action Bias: BTC, ETH & SOL Turn Bullish – SOLUSD Leads as the Top Pair to Watch
FxWirePro: USD/ZAR slips as rand gains on U.S.-Iran developments
AUDJPY Surges on Aussie Strength: Buy Dips Toward 117/118 as Bullish Momentum Accelerates
FxWirePro- USD/CHF Holds Above 0.8120 as Bulls Target 0.8200
JPY Action Bias: USDJPY, AUDJPY & EURJPY Turn Extremely Bullish – Top Pairs to Watch 



