Thursday, October 15, 2026

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USD/CNY breaks key resistance at 6.4910, good to buy on dips

USDCNY is currently trading around 6.4953 levels. It made intraday high at 6.4955 and low at 6.4880 levels. Intraday bias remains bullish for the moment. A sustained break below 6.4910 will tests another support around 6…

By Cynthia Firey Eakin
1 min read
USD/CNY breaks key resistance at 6.4910, good to buy on dips
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  • USDCNY is currently trading around 6.4953 levels.
     
  • It made intraday high at 6.4955 and low at 6.4880 levels.
     
  • Intraday bias remains bullish for the moment.
     
  • A sustained break below 6.4910 will tests another support around 6.4525/6.4351 levels.
     
  • Alternatively, reversal from key support 6.4682 will drag the parity back above 6.5128/ 6.5508 marks.

We prefer to take long position in USD/CNY only above 6.4910, stop loss 6.4682 and target 6.5128/ 6.5354 levels.

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