Thursday, October 15, 2026

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USD/CNY technical outlook

Last week Yuan hit strongest level in 2016 at 6.4910 levels. Yuan erased its previous gain and supported around 6.5238 levels. It made intraday high at 6.5268 and low at 6.5130 levels. In addition, PBoC set the Yuan fix …

By Earlence Fernandes
1 min read
USD/CNY technical outlook
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  • Last week Yuan hit strongest level in 2016 at 6.4910 levels.
     
  • Yuan erased its previous gain and supported around 6.5238 levels.
     
  • It made intraday high at 6.5268 and low at 6.5130 levels.
     
  • In addition, PBoC set the Yuan fix almost 0.2% weaker at 6.5237 on Wednesday compared with 6.5130 a day earlier.
     
  • A daily close above 6.5352 levels will drag the parity around 6.6042/ 6.6755 marks thereafter.
     
  • Alternatively, downfall from 6.6042 levels will take the parity around key support area at 6.3552 levels.
     
  • Initial support levels are seen at 6.4732, 6.4553 and 6.3883 levels.
     
  • On the other side, resistance levels are seen at 6.6042, 6.6338 and 6.6755 levels.
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