Thursday, October 15, 2026

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USD/CNY fails to break key resistance at 6.56, sell on rallies

Pair is currently trading around 6.5164 levels. It made intraday high at 6.5374 and 6.5179 levels. Intraday bias remains bearish till the time pair holds key resistance at 6.56 marks. Key support levels are seen at 6.491…

By Earlence Fernandes
1 min read
USD/CNY fails to break key resistance at 6.56, sell on rallies
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  • Pair is currently trading around 6.5164 levels.
     
  • It made intraday high at 6.5374 and 6.5179 levels.
     
  • Intraday bias remains bearish till the time pair holds key resistance at 6.56 marks.
     
  • Key support levels are seen at 6.4910 levels.
     
  • A daily close below key support will drag the parity towards 6.3952 levels.
     
  • In addition, if 20D EMA breaks 30D and 55D EMA then bias remains bearish for the long term duration.

Trading call: Sell USD/CNY around 6.52, stop loss 6.56 and target 6.49 levels.

 

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