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Add as a preferred source on Google USD/CNY hovers above key support level, sell on rallies Pair is currently supported above 6.49 levels and trading around 6.4909 marks. It made intraday high at 6.5105 and low at 6.4908 levels. Intraday bias remains bearish till the time pair holds key resistance at 6.5580 lev…
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Pair is currently supported above 6.49 levels and trading around 6.4909 marks.
It made intraday high at 6.5105 and low at 6.4908 levels.
Intraday bias remains bearish till the time pair holds key resistance at 6.5580 levels.
Alternatively, a sustained close below 6.4910 levels will drag the parity around 6.4732/ 6.4553 levels.
Alternatively, pair likely to consolidate below 6.5220 marks.
China will release industrial production data due tomorrow. This will provide further direction to the parity.
We prefer to take short position in USD/CNY around 6.50, stop loss 6.5220 and target 6.4732 levels.
Economy The quote was recorded at 9:21 p.m. ET Nov. 3 (02:21 UTC Nov. 4).
Economy At 8 p.m. ET Tuesday, the dollar was quoted at 158.494 yen, down 0.12%, and 6.66656 offshore yuan, down 0.05%.
Economy The dollar also rose 0.19% against the yen; a later snapshot put Bitcoin and Ether lower over 24 hours.
