- USD/CNY is currently trading around 6.6354 marks.
- It made intraday high at 6.6400 and low at 6.6297 levels.
- Intraday bias remains neutral for the moment.
- A sustained close above 6.6359 marks will test key resistances at 6.6464, 6.6513, 6.6615, 6.6673, 6.6735 and 6.6964 marks respectively.
- Alternatively, a daily close below 6.6359 will drag the parity down towards key supports at 6.6210, 6.6039, 6.5839, 6.5710, 6.5635, 6.5456 and 6.5371 marks respectively.
- PBOC sets yuan mid-point at 6.6247/ dlr vs last close 6.6375.
- Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart.
Positioning is inconclusive at this point, with prices offering no clear cut signal to initiate a long or short trade. We will continue to remain on sidelines for the time being.
FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest


FxWirePro- Major European Indices
FxWirePro: GBP/AUD consolidates around 2.0145, maintains bullish bias
ETHUSD Dips Below $3000 on BOJ Rate Hike Fears: Buy the Dip at $2700, Targeting $4000?
FxWirePro: USD/CAD pauses decline,critical support lies ahead
UK Economy Accelerates, But GBP/JPY Stays Capped – Sell Toward 206
FxWirePro- Woodies Pivot(Major)
FxWirePro: EUR/NZD advances as kiwi weakness after RBNZ's Breman comments
FxWirePro: EUR/CAD gaining momentum for a move towards 1.6250 level
FxWirePro: NZD/USD downside pressure builds, key support level in focus
FxWirePro: USD/CAD slides as U.S. dollar weakens after jobs data
FxWirePro: AUD/USD uptrend loses steam, remains on bullish path
Yen Power Play: AUDJPY Crumbles Below 103.70 Resistance
FxWirePro: USD/ZAR attracts selling interest, could be on verge of a bigger drop
FxWirePro: GBP/USD gains as UK manufacturing PMI beats expectations
FxWirePro: EUR/AUD trends higher, but faces potential pitfalls 



