- USD/CNY is currently trading around 6.8748 marks.
- It made intraday high at 6.8807 and low at 6.8687 levels.
- Intraday bias remains neutral for the moment.
- A sustained close above 6.8785 marks will test key resistances at 6.8810, 6.8938, 6.9050 and 6.9248 marks respectively.
- Alternatively, a daily close below 6.8785 will drag the parity down towards key supports at 6.8420, 6.8215, 6.7980, 6.7864, 6.7624, 6.7510 and 6.7160 marks respectively.
- Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart.
- PBOC sets yuan mid-point at 6.8642 / dlr vs last close 6.8791.
We prefer to take long position on USD/CNY only above 6.8810, stop loss 6.8420 and target of 6.8938/6.9050.


FxWirePro: USD/JPY gains above 160 level ahead of BOJ policy meeting
Geopolitical Easing Fuels AUDJPY Rally Toward 115 — Buy Dips at 113
FxWirePro- Major Pair levels and bias summary
FxWirePro: AUD/USD climbs as US-Iran peace deal sparks risk rally
Relief Rally Extends to 112.75, but AUDJPY EMA Structure Favors Selling
FxWirePro- Woodies pivot (Major)
FxWirePro: USD/ CNY falls towards 6.750, bears keep the advantage
GBPJPY Coil Tightens: Is a Bullish Break Above 215.60 Imminent?
FxWirePro: EUR/ NZD uptrend loses steam, remains on bullish path
FxWirePro: USD/CAD steadies around 1.3990 ,retains bid one
Sell the Bounce: NZDJPY Bearish Bias Persists Below 94.20, Eyes 90.50
FxWirePro: NZD/USD jumps after US and Iran agree preliminary deal
FxWirePro: GBP/AUD eases on Geopolitical whipsaw
FxWirePro: GBP/AUD runs out of steam but maintains bullish outlook
FxWirePro: GBP/NZD stuck in range but outlook is bullish 



