Friday, October 16, 2026

Technicals

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US dollar erases previous loss against Chinese Yuan, good to buy on dips

USDCNY is currently trading at 6.4845 levels. It made intraday high at 6.4845 and low at 6.4682 levels. Intraday bias remains bullish for the moment. A sustained break below 6.4590 will tests another support around 6.452…

By Cynthia Firey Eakin
1 min read
US dollar erases previous loss against Chinese Yuan, good to buy on dips
Image from the original EconoTimes article

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  • USDCNY is currently trading at 6.4845 levels.
     
  • It made intraday high at 6.4845 and low at 6.4682 levels.
     
  • Intraday bias remains bullish for the moment.
     
  • A sustained break below 6.4590 will tests another support around 6.4525/6.4351 levels.
     
  • Alternatively, reversal from key support will drag the parity back above 6.4910/ 6.5128 marks.

We prefer to take long position in USD/CNY around 6.48, stop loss 6.4628 and target 6.4910 levels.

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