- Pair is currently trading at 6.5335 levels.
- It made intraday high at 6.5354 and low at 6.5310 levels.
- The Shanghai Composite index slumped 5.66% to trade at 2,763.07, while the Shenzhen Composite index dived 7.11% to 1,743.05. The CSI 300 index declined 6.08% to 2,919.31.
- Intraday bias remains neutral for the moment.
- A daily close above 6.5821 levels will take the bias bullish again.
- Alternatively, current downfall will take the parity around 6.4925 levels.
- Pair likely to consolidates below 6.5543 marks.
Positioning is inconclusive at this point, with prices offering no clear cut signal to initiate a long or short trade. We will continue to remain on sidelines for the time being.
