China's Yuan fell to its four and half year low on account of weak Chinese economy and expectations of a U.S interest rate hike.
- USD/CNY has climbed up to 6.4583 this week from 6.400 which would be highest weekly depreciation since the week of surprise devaluation on Aug 11.
- The PBOC set its daily guidance rate at its weakest level since August 2011.
- "A U.S. rate hike would have a major impact on money flows out of emerging markets including Hong Kong and China," said Linus Yip, chief strategist at First Shanghai Securities.
- Technically the pair has broken 6.4485 (Oct 10th high) and is expected to reach till 6.527/6.60 level.
- The weakness can be seen only below 6.318 level.


FxWirePro- Major Pair levels and bias summary
FxWirePro: AUD/USD eases from 3-year high , bias bullish
FxWirePro: GBP/NZD maintains bearish bias with focus on 2.2650 level
FxWirePro- Woodies Pivot(Major)
Oil Spikes on US-Iran Fire: $66 Highs Hit, Buy the Dip at $57–58 for $63 Bounce
FxWirePro: USD/ZAR recovers slightly but bears are not done yet
CAD/JPY Dips After Weak GDP – Buy the Pullback at 113, Eyes 115 Breakout
FxWirePro: USD/CAD claws back some ground, but downtrend remains intact
USDCHF PPI-Powered Spike Fades: Sell Rallies Near 0.7750 – Eyes 0.7500 Drop
GBPJPY Roars Back 100 Pips — Bulls in Charge Above 210
AUDJPY Bounces Back: Strategic Buy at 107 Targets 110
EURJPY Trapped in Bearish Squeeze: Sell Rallies Near 184 – 180 in Sight
GBPJPY Bulls Stay in Charge: Holding 210 Unlocks 214+ Upside – Buy the Dip
FxWirePro: USD/JPY gains some ground but bearish outlook persists
FxWirePro: EUR/AUD gains some upside momentum but still bearish
NZDJPY Bulls Eye 95: Why Buying the Dip is the Strategic Play 



